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Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Adams Company for Year 3: ADAMS COMPANY Balance sheet Assets Cashi 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 $ 14,750 8,220 12,500 11,400 167,500 (12,800) $201,570 $ 8,300 3,960 4,050 21,480 113,600 50, 180 $201,570

Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Adams Company for Year 3: ADAMS COMPANY Balance sheet Assets Cashi 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 $ 14,750 8,220 12,500 11,400 167,500 (12,800) $201,570 $ 8,300 3,960 4,050 21,480 113,600 50, 180 $201,570

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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Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Adams Company for Year 3: ADAMS 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 $ 14,750 8,220 12,500 11,400 167,500 (12,800) $201,570 $ 8,300 3,960 4,050 21,480 113,600 50, 180 $201,570
Transcribed Image Text:Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Adams Company for Year 3: ADAMS 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 $ 14,750 8,220 12,500 11,400 167,500 (12,800) $201,570 $ 8,300 3,960 4,050 21,480 113,600 50, 180 $201,570
The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,500. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio per share % %
Transcribed Image Text:The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,500. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio per share % %
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