Question
Following is the balance sheet of Zachary Company for Year 3: ZACHARY COMPANY Balance sheet Assets Cash $14750 Marketable Securities $7820 Accounts receivable$12,560 Inventory11,400 Property
Following is the balance sheet of Zachary Company for Year 3:
ZACHARY COMPANY
Balance sheet
Assets
Cash $14750
Marketable Securities $7820
Accounts receivable$12,560
Inventory11,400
Property and equipment173,500
Accumulated depreciation(12,400)
Total assets$207,630
Liabilities and Stockholders' Equity
Accounts payable$8,150
Current notes payable3,320
Mortgage payable4,350
Bonds payable21,060
Common stock113,600
Retained earnings57,150
Total liabilities and stockholders' equity$207,630
The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,900.
Required
Compute each of the following:(Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
Ratio:
Earnings per share:
Quick(acid test )ratio:
Return on Investment
Return on Equity:
Debt to Equity Ratio:
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