Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash
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Question:
Following is the balance sheet of Perez Company for Year 3:
PEREZ COMPANY Balance sheet | |||
Assets | |||
Cash | $ | 15,150 | |
Marketable securities | 7,700 | ||
Accounts receivable | 12,620 | ||
Inventory | 11,050 | ||
Property and equipment | 170,500 | ||
Accumulated depreciation | (12,900 | ) | |
Total assets | $ | 204,120 | |
Liabilities and Stockholders’ Equity | |||
Accounts payable | $ | 8,150 | |
Current notes payable | 3,280 | ||
Mortgage payable | 4,150 | ||
Bonds payable | 21,480 | ||
Common stock | 113,500 | ||
Retained earnings | 53,560 | ||
Total liabilities and stockholders’ equity | $ | 204,120 | |
The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $14,500.
Required
Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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