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Following is the balance sheet of Zachary Company for Year 3: ZACHARY COMPANY Balance sheet Assets Cash $ 15,350 Marketable securities 8,220 Accounts receivable 12,680
Following is the balance sheet of Zachary Company for Year 3: ZACHARY COMPANY Balance sheet Assets Cash $ 15,350 Marketable securities 8,220 Accounts receivable 12,680 Inventory 11,400 Property and equipment 173,500 Accumulated depreciation (12,700) Total assets $208,450 Liabilities and Stockholders' Equity Accounts payable $ 8,720 Current notes payable 3,720 Mortgage payable 4,950 Bonds payable 21,240 Common stock 113,800 Retained earnings 56,020 Total liabilities and stockholders' equity $208,450 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,700. 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 6. 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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