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Need help with A,C, and D. Following is the balance sheet of Walton Company for Year 3: ebook Hint Pint WALTON COMPANY Balance sheet Assets
Need help with A,C, and D.
Following is the balance sheet of Walton Company for Year 3: ebook Hint Pint WALTON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Connon stock Retained earnings Total liabilities and stockholders' equity $ 15,350 8,100 12,920 10,900 173,500 (12,400) 5208,370 Reference $8,270 3,200 4,950 21,720 114,100 56.110 $200,370 The average number of common stock shares outstanding during Year 3 was 870 shares. Net Income for the year was $14.500 Required ces The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14.500. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ a Current ratio Earnings per share c Quick (acid test) ratio a Return on investment e Return on equity Debt to equity ratio 2 88 16 67 per share 221 12 71% 8 51% 022 Step by Step Solution
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