Question: Please explain clearly how to get a, c, & f . Following are the balance sheet of Faustin Company's for 2014. FAUSTIN COMPANY'S Balance sheet

 Please explain clearly how to get a, c, & f .
Following are the balance sheet of Faustin Company's for 2014. FAUSTIN COMPANY'S
Please explain clearly how to get a, c, & f .

Following are the balance sheet of Faustin Company's for 2014. FAUSTIN COMPANY'S Balance sheet Assets 18,000 Cash 12,000 Marketable securities 25,000 Accounts receivable Inventory 22.000 160,000 Property and equipment (37,000) Accumulated depreciation Total assets $200,000 Liabilities and Stockholders' Equity Accounts payable 11,500 Current notes payable 3,500 Mortgage payable 4,000 Bonds payable 21,500 Common stock 100,000 Retained earnings 59,500 Total liabilities and stockholders' equity $200,000 The average number of common stock shares outstanding during 2014 was 88 year was $20,000. Required Compute each of the following (Round your answers to 2 decimal places.)

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