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The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $14,400. Required Compute each of the
The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $14,400. Required Compute each of the following: (Round your answers to 2 decimal places.) per share 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 CON UN Following is the balance sheet of Gibson Company for 2018: GIBSON 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 $ 14,800 7,620 12,920 10,900 171,500 (13,000) $204,740 $ 8,510 3,960 4,250 21,000 113,800 53,220 $204,740 The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $14,400. Required Compute each of the following: (Round your answers to 2 decimal places.)
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