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I cannot for the life of me figure out what I am calculating wrong even for current ratio. Please help! Following is the balance sheet
I cannot for the life of me figure out what I am calculating wrong even for current ratio. Please help!
Following is the balance sheet of Stuart Company for Year 3: STUART COMPANY Balance sheet Assets Cash $ 15,109 Marketable securities 8,340 Accounts receivable 12,680 Inventory 11,1ee Property and equipment 172, eee Accumulated depreciation (12,see) Total assets $286,420 Liabilities and stockholders' Equity Accounts payable $ 8,690 Current notes payable 3,600 Mortgage payable 4,100 Bonds payable 21, eee Common stock 113,3ee Retained earnings 55,730 Total liabilities and stockholders' equity $206,420 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,100. 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 complete but not entirely correct. a. b. Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio 1.92 % per $ 17.15 share 5.52 X 8.80 % C. d. 2.03 X % e. f. 0.22Step by Step Solution
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