Following is the balance sheet of Munoz Company for Year 3: MUNOZ COMPANY Balance sheet Assets Cash
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Question:
Following is the balance sheet of Munoz Company for Year 3:
MUNOZ COMPANY Balance sheet | |||
Assets | |||
Cash | $ | 15,200 | |
Marketable securities | 7,580 | ||
Accounts receivable | 13,400 | ||
Inventory | 11,200 | ||
Property and equipment | 169,500 | ||
Accumulated depreciation | (12,200 | ) | |
Total assets | $ | 204,680 | |
Liabilities and Stockholders’ Equity | |||
Accounts payable | $ | 8,690 | |
Current notes payable | 3,320 | ||
Mortgage payable | 4,550 | ||
Bonds payable | 21,240 | ||
Common stock | 114,400 | ||
Retained earnings | 52,480 | ||
Total liabilities and stockholders’ equity | $ | 204,680 | |
The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,000.
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 | _____________ |
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