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nt int Following is the balance sheet of Rooney Company for Year 3: Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated
nt int Following is the balance sheet of Rooney Company for Year 3: Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets ROONEY COMPANY Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable Bonds payable Mortgage payable. Common stock Retained earnings $ 14,550 8,380 13,040 10,900 173,000 (12,500) $207,370 $ 8,540 3,520 4,950 21,600 113,100 55,660 $207,370 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,700. The average number of common stock shares outstanding during Year 3 was 880 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.) a Current ratio b. Earnings per share c Quick (acid-test) ratio: d Return on investment e Return on equity f Debt to equity ratio. per share % %
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