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Following is the balance sheet of Zachary Company for Year 3: Assets Cash Marketable securities: Accounts receivable Inventory Property and equipment ZACHARY COMPANY Accumulated
Following is the balance sheet of Zachary Company for Year 3: Assets Cash Marketable securities: Accounts receivable Inventory Property and equipment ZACHARY COMPANY Accumulated depreciation. Total assets Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock. Retained earnings Total liabilities and stockholders' equity $ 14,900 7,620 13,220 11,000 169,500 (12,900) $203,340 $ 8,690 3,640 4,350 21,840 114,700 50,120 $203,340 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,600. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Answer is not complete. a. Current ratio 3.80 b. Earnings per share $ 18.14 per share C Quick (acid-test) ratio 2.70 d. Return on investment 8.17 % e Return on equity % f Debt to equity ratio i
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