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I cannot calculate the last two - information seems to be missing. Following is the balance sheet of Thornton Company for Year 3: THORNTON COMPANY
I cannot calculate the last two - information seems to be missing.
Following is the balance sheet of Thornton Company for Year 3: THORNTON COMPANY Balance sheet Assets Cash 55 14 , 600 Marketable securities 3 , 340 Accounts receivable 12 , 7 4 0 Inventory 11 , 500 Property and equipment 163 , 000 Accumulated depreciation (l2 , 500) Total assets $202 , 630 Liabilities and Stockholders ' Equity Accounts payable $ 3 , 420 Current notes payable 3, 680 Mortgage payable 4 , 7 50 Bonds payable 21 , 960 Common stock 113, 400 Retained earnings 50 , 4 7'0 Total liabilities and stockholders' equity 5202 p 530 The average number of common stock shares outstanding during Year 3 was 860 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.) 6 Answer is complete but not entirely correct. a. Current ratio 3.89 0 . per b. Earnings per share $ 17.09 0 share c. Quick (acid-test) ratio 2.95 o d. Return on investment 7.25 o % e. Return on equity 25.42 9 % f. Debt to equity ratio 1.79 9Step by Step Solution
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