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Assets Cash CAMPBELL COMPANY Balance sheet 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 Return on investment Return on equity Debt to equity ratio $ 14,650 8,460 13,460 11,400 169,500 % % (12,300) $205,170 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ 8,420 3,480 4,500 21,960 114, 200 52,610 $205,170

Assets Cash CAMPBELL COMPANY Balance sheet 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 Return on investment Return on equity Debt to equity ratio $ 14,650 8,460 13,460 11,400 169,500 % % (12,300) $205,170 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ 8,420 3,480 4,500 21,960 114, 200 52,610 $205,170

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assets Cash CAMPBELL COMPANY Balance sheet 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 Return on investment Return on equity Debt to equity ratio $ 14,650 8,460 13,460 11,400 % % 169,500 (12,300) $205,170 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ 8,420 3,480 4,500 21,960 114,200 52,610 $205,170
Transcribed Image Text:Assets Cash CAMPBELL COMPANY Balance sheet 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 Return on investment Return on equity Debt to equity ratio $ 14,650 8,460 13,460 11,400 % % 169,500 (12,300) $205,170 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ 8,420 3,480 4,500 21,960 114,200 52,610 $205,170
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