Following Is the balance sheet of Baird Company for Year 3: BAIRD COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accurmulated depreciation $ 14,550 7,940 12,620 16,900 165,000 (12,100) $198,910 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Convnon stock $ 8,570 3,200 4,950 22,020 113,800 46,370 Retained earnings Total liabilities and stockholders' equity $198,910 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,900. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.4! a. Current ratio b. Earnings per share C Quick (acid-test) ratio d. Return on investment per share e. Return on equity f Debt to equity ratio

Following Is the balance sheet of Baird Company for Year 3: BAIRD COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accurmulated depreciation $ 14,550 7,940 12,620 16,900 165,000 (12,100) $198,910 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Convnon stock $ 8,570 3,200 4,950 22,020 113,800 46,370 Retained earnings Total liabilities and stockholders' equity $198,910 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,900. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.4! a. Current ratio b. Earnings per share C Quick (acid-test) ratio d. Return on investment per share e. Return on equity f Debt to equity ratio

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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