Question: Compute the specified ratios using Bryce Company's balance sheet at December 31, 2008. Assets Cash $18,000 Marketable Securities 8,000 Accounts Receivable 13,000 Inventory 11,000 Property

Compute the specified ratios using Bryce Company's balance sheet at December 31, 2008.

Assets
Cash $18,000
Marketable Securities 8,000
Accounts Receivable 13,000
Inventory 11,000
Property and Equipment 170,000
Accumulated Depreciation (12,500)
Total Assets $207,500
Equities
Accounts Payable $8,500
Current Notes Payable 3,500
Mortgage Payable 7,500
Bonds Payable 21,500
Common Stock, $50 Par 110,000
Paid-In Capital in Excess of Par Value 4,000
Retained Earnings 52,500
Total Liabilities and Stockholders Equity $207,500

The average number of common stock shares outstanding during 2008 was 880 shares. Net income for the year was $15,000.

Required
Compute each of the following:

a. Current ratio.
b. Earnings per share.
c. Quick (acid-test) ratio.
d. Return on investment.
e. Return on equity.
f. Debt to equity ratio.

(Round your answers to 2 decimal places. Omit the "$" and "%" sign in your response.)

a. Current Ratio: = :1
b. Earnings Per Share: = $ per share
c. Quick (Acid-test) Ratio: = :1
d. Return on Investment: = %
e. Return on Equity: = %
f. Debt to Equity Ratio: = :1

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