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Following is the balance sheet of Faustin Company's for 2014. FAUSTIN COMPANY'S Balance sheet Assets Cash $ 14,950 Marketable securities 7,700 Accounts receivable 12,620 Inventory
Following is the balance sheet of Faustin Company's for 2014. FAUSTIN COMPANY'S Balance sheet Assets Cash $ 14,950 Marketable securities 7,700 Accounts receivable 12,620 Inventory 10,900 Property and equipment 173,000 Accumulated depreciation (12,700) Total assets $206,470 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 8,600 3,600 4,800 21,120 113,300 55,050 $206,470 The average number of common stock shares outstanding during 2014 was 870 shares. Net income for the year was $14,600. 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 % % % Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's 2017 and 2016 yearend balance sheets: Account Title 2017 2016 Accounts receivable $13,900 $19,200 Accounts 7,200 9,300 payable The 2017 income statement showed net income of $28,400. Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows From Operating Activities Net cash flow from operating activities S
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