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PLEASE HELP SOLVE AND EXPLAIN Following is the balance sheet of Thornton Company for 2018 THORNTON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable
PLEASE HELP SOLVE AND EXPLAIN
Following is the balance sheet of Thornton Company for 2018 THORNTON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets 14,5e8 7,700 12,5ee 11,25e 165,008 12,6ee $198,350e Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings $8, 3ee 3,488 4, 100 21, 30e 115,eee 46,178 $198,35e Total liabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 850 shares. Net income for the year was $15,500. Required Compute each of the following: (Round your answers to 2 decimal places.) a. Current ratio b. Earnings per share C. Quick (acid-test) ratio d. Return on investment e. Return on equity r.Debt to equity ratio per share
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