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Check m Property and equipnent Accumulated depreciation 168,000 (12,500) $202,630 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilitles and stockholders equity $ 8,480 3,720 4,450 21,300 113,900 5e, 780 $202,630 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15.300. 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 Quick (acid-test) ratio per share d. Return on investment e Return on equity tDebt to equity ratio

Check m Property and equipnent Accumulated depreciation 168,000 (12,500) $202,630 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilitles and stockholders equity $ 8,480 3,720 4,450 21,300 113,900 5e, 780 $202,630 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15.300. 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 Quick (acid-test) ratio per share d. Return on investment e Return on equity tDebt to equity ratio

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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Check my Property and equipnent Accumulated depreciation 168,000 (12,500) $202,630 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Conmon stock Retained earnings Total liabilitles and stockholders equity S 8,48e 3,720 4,450 21,300 113,900 5e, 780 $202,630 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15.300. Required Compute each of the following: (Round your answer to 2 decimel pleces. For percentages, 0.2345 should be entered as 23.45.) a Current ratio b Eanings per share per share c Quick (acid-test) ratio d Return on investment e Return on equity t Debt to equity ratio < Prev 2 of 3 Next>
Transcribed Image Text:Check my Property and equipnent Accumulated depreciation 168,000 (12,500) $202,630 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Conmon stock Retained earnings Total liabilitles and stockholders equity S 8,48e 3,720 4,450 21,300 113,900 5e, 780 $202,630 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15.300. Required Compute each of the following: (Round your answer to 2 decimel pleces. For percentages, 0.2345 should be entered as 23.45.) a Current ratio b Eanings per share per share c Quick (acid-test) ratio d Return on investment e Return on equity t Debt to equity ratio < Prev 2 of 3 Next>
Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Walton Company for Year 3: WALTON COMPANY Balance sheet Assets Cash $ 14,650 8,420 12,860 11,200 168,e00 (12,500) 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 $282,630 $ 8,480 3,720 4,450 21,300 113,900 50,780 Retained earnings Total liabilities and stockholders' equity $202,630 The average number of common stock shares outstanding during Year 3 was 850 shares. Net Required < Prev 2 of 3 Next >
Transcribed Image Text:Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Walton Company for Year 3: WALTON COMPANY Balance sheet Assets Cash $ 14,650 8,420 12,860 11,200 168,e00 (12,500) 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 $282,630 $ 8,480 3,720 4,450 21,300 113,900 50,780 Retained earnings Total liabilities and stockholders' equity $202,630 The average number of common stock shares outstanding during Year 3 was 850 shares. Net Required < Prev 2 of 3 Next >
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