Question: I'm on chapter 6 on my online class and got stuck on this one. Help me please Following are the balance sheet of Faustin Company's
Following are the balance sheet of Faustin Company's for 2014. FAUSTIN COMPANYS Balance sheet Assets Cash 14.600 7,580 Marketable securities 12,620 Accounts receivable 11.350 Inventory Property and equipment 165,500 Accumulated depreciation (12.000) Total assets $199,650 Liabilities and Stockholders' Equity 8.300 Accounts payable Current notes payable 3.040 Mortgage payable 4.550 Bonds payable 21.840 114,800 Common stock 47.120 Retained earnings Total liabilities and stockholders equity $199,650 The average number of common stock shares outstanding during 2014 was 860 shares. Net income for the year was $14,700. Required Compute each of the following. (Round your answers to 2 decimal places.) 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
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