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Following is the balance sheet of Walton Company for Year 3: WALTON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment
Following is the balance sheet of Walton Company for Year 3: WALTON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,450 7,900 13,160 10,750 173,500 (12,500) $208,260 $ 8,720 3,280 4,200 21,600 113,700 56,760 $208,260 The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,800. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a. Current ratio b. Earnings per share C. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio % %
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