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Ollowing is the balance sheet of Walton Company for Year 3: WALTON COMPANY Assets Cash Marketable securities. Accounts receivable Inventory Property and equipment Balance sheet
Ollowing is the balance sheet of Walton Company for Year 3: WALTON COMPANY Assets Cash Marketable securities. Accounts receivable Inventory Property and equipment Balance sheet Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Bonds payable Mortgage payable Common stock Retained earnings $ 15,350 7,860 13,100 11,250 174,500. (12,200) $209,860 $ 8,660 3,760 4,750 21,060 114,600 Total liabilities and stockholders' equity 57,030 $209,860 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,700. 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 per share % e. Return on equity f. Debt to equity ratio %
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