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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
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 % % Assets Cash Marketable securities. Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets ZACHARY COMPANY Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 8,500 13,220 11,450 165,000 (12,900) $200,020 $ 8,870 3,160 4,500 21,720 113,900 47,878 $200,020 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,100.
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