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I apologize for add more than one question but all of them are related and chained. thank you in advance. Use the following information from
I apologize for add more than one question but all of them are related and chained. thank you in advance.
Use the following information from ABC Company's balance sheet to answer the next six questions: Assets Cash $6,000 Marketable securities 3,200 Accounts receivable 5,200 Inventory 14,400 Property and equipment 68,000 Accumulated depreciation (5,000) Total assets $91,800 Liabilities & stockholders' equity Accounts payable $3,400 Notes payable (current) 1,400 Mortgage payable (long-term) 1,800 Bonds payable (long-term) 28,600 Common stock, $30 par 24,000 Paid-in capital in excess of par 11,600 Retained earnings 21,000 Total liabilities & stockholders' equity $91,800 The average number of common stock shares outstanding during the year was 840 shares. Net income for the year was $6,300. If you have insufficient data to use averages in ratio computations, use year-end balances in the calculations.\fABC Company's balance sheet is as follows: Assets Cash $6,000 Marketable securities 3,200 Accounts receivable 5,200 Inventory 14,400 Property and equipment 68,000 Accumulated depreciation (5,000) Total assets $91,800 Liabilities & stockholders' equity Accounts payable $3,400 Notes payable (current) 1,400 Mortgage payable (long-term) 1,800 Bonds payable (long-term) 28,600 Common stock, $30 par 24,000 Paid-in capital in excess of par 11,600 Retained earnings 21,000 Total liabilities & stockholders' equity $91,800 The average number of common stock shares outstanding during the year was 840 shares. Net income for the year was $6,300. If you have insufficient data to use averages in ratio computations, use year-end balances in the calculations. ABC's quick (acid-test) ratio is:ABC's quick (acid-test) ratio is: Multiple Choice O 4.0 to 1 O 4.5 to 1 O 3.0 to 1 O 3.5 to 1ABC Company's balance sheet is as follows: Assets CashW Marketable securities 3,200 Accounts receivable 5,200 Inventory 14,400 Property and equipment 68,000 Accumulated depreciation (QM) Total assets $91,800 Liabilities & stockholders' equity Accounts payable $3,400 Notes payable (current) 1,400 Mortgage payable (long-term) 1,800 Bonds payable (long-term) 28,600 Common stock, $30 par 24,000 Wmoo Retained earnings ,M Total liabilities & stockholders' equity $91,800 The average number of common stock shares outstanding during the year was 840 shares. Net income for the year was $6,300. If you have insufficient data to use averages in ratio computations, use yearend balances in the calculations. ABC's earnings per share is: \fABC Company's balance sheet is as follows: Assets Cash $6,000 Marketable securities 3,200 Accounts receivable 5,200 nventory 14,400 Property and equipment 68,000 Accumulated depreciation (5,000) Total assets $91,800 Liabilities & stockholders' equity Accounts payable $3,400 Notes payable (current) 1,400 Mortgage payable (long-term) 1,800 Bonds payable (long-term) 28,600 Common stock, $30 par 24,000 Paid-in capital in excess of par 11,600 Retained earnings 21,000 Total liabilities & stockholders' equity $91,800 The average number of common stock shares outstanding during the year was 840 shares. Net income for the year was $6,300. If you have insufficient data to use averages in ratio computations, use year-end balances in the calculations. ABC's return on assets isStep by Step Solution
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