Question
I need help with this quesion. Assets Cash- $15,400 Marketable securities-8,180 Accounts receivable- $12,740 Inventory-1$0,500 Property and equipment- $174,000 Accumulated depreciation-(12,900) Total assets- $207,920 Liabilities
I need help with this quesion.
Assets
Cash- $15,400
Marketable securities-8,180
Accounts receivable- $12,740
Inventory-1$0,500
Property and equipment- $174,000
Accumulated depreciation-(12,900)
Total assets- $207,920
Liabilities and Stockholders' Equity
Accounts payable- $8,900
Current notes payable- $3,040
Mortgage payable-$4,800
Bonds payable- $21,180
Common stock-$114,300
Retained earnings- $55,700
Total liabilities and stockholders' equity- $207,920
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.)
find:
current ratio
earnings per year
quick (acid-test) ration
return on investment
return on equity
debt to equity ratio
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Horngrens Financial And Managerial Accounting The Managerial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
6th Edition
0134486854, 978-0134486857
