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Thanks in advance - answers will be rated promptly! Following is the balance sheet of Rundle Company for 2018: RUNDLE COMPANY Balance sheet Assets Cash
Thanks in advance - answers will be rated promptly!
Following is the balance sheet of Rundle Company for 2018: RUNDLE 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 Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 8,260 13,340 10,900 166,000 (12,100) $200,950 $ 8,300 3,040 4,900 21,120 114,800 48,790 $200,950 The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $15,200. The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $15,200. Required Compute each of the following: (Round your answers to 2 decimal places.) Current ratio per share b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratioStep by Step Solution
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