Following is the balance sheet of Perez Company for Year 3:PEREZ COMPANYBalance sheetAssetsCash$ 14,650Marketable securities8,02012,50010,750Accounts receivableInventoryProperty and equipmentAccumulated depreciation170,500(12,600)Total assets$203,820Liabilities and Stockholders' EquityAccounts payableCurrent notes payableMortgage payableBonds payableCommon stock$ 8,4203,4404, 20021,480114,50051,780Retained earningsTotal liabilities and stockholders' equity$203,820The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,200.RequiredCompute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)a. Current ratiob. Earnings per sharec. Quick (acid-test) ratiod. Return on investmente. Return on equityf. Debt to equity ratioper share%%

Name: Following is the balance sheet of Perez Company for Year 3:PEREZ COMP
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Description: Following is the balance sheet of Perez Company for Year 3:PEREZ COMPANYBalance sheetAssetsCash$ 14,650Marketable securities8,02012,50010,750Accounts receivableInventoryProperty and equipmentAccumulated depreciation170,500(12,600)Total assets$203,82

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Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash $ 14,650 Marketable securities 8,020 12,500 10,750 170,500 (12,600) Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets $203,820 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable $ 8,420 3,440 4, 200 21,480 114,500 Common stock Retained earnings 51,780 Total liabilities and stockholders' equity $203,820 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,200. 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 per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio % %

Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash $ 14,650 Marketable securities 8,020 12,500 10,750 170,500 (12,600) Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets $203,820 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable $ 8,420 3,440 4, 200 21,480 114,500 Common stock Retained earnings 51,780 Total liabilities and stockholders' equity $203,820 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,200. 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 per share c. Quick (acid-test) ratio d. Return on investment 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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