Homework Answers
| a | Current Ratio(Current Assets / Current liabilities) | 4.02 |
| ($46,490/11,560) | ||
| b | Earnings per share(Net Income/No. of shares outstanding) | 16.93 |
| ($14,900/880 shares) | ||
| c | Quick ratio | |
| (Current Assets - Inventory) / Current Liabilities | 3.04 | |
| ($35,140/11,560) | ||
| d | Return on Investment(Net income / Total assets) | 7.38% |
| ($14,900/$201,990) | ||
| e | Return on equity(Net income / Stockholder's equity) | 9.05% |
| ($14,900 / 164,570) | ||
| f | Debt to equity ratio(Total Liabilities / Total equity) | 0.23 |
| ($37,420/164,570) |
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Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 8,220 13,340 11,500 166,000 (12,600) $ 201,710 $ 8,660 3,120 4,150 21,600 113,500 50,680 $ 201, 710 The average number of common stock shares outstanding during 2018 was...
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets...
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,100 7,980 12,740 10,750 170,500 (12.900) $ 204,170 $ 8,540 3,080 4,600 21,480 114,400 52,670 $204,170 The average number of common stock shares outstanding during Year 3 was...
The balance sheet for Vernon Corporation follows: Current assets $ 246,000 Long-term assets (net) 761,000 Total...
The balance sheet for Vernon Corporation follows: Current assets $ 246,000 Long-term assets (net) 761,000 Total assets $ 1,007,000 Current liabilities $ 155,000 Long-term liabilities 457,000 Total liabilities 612,000 Common stock and retained earnings 395,000 Total liabilities and stockholders’ equity $ 1,007,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio % Debt to equity ratio Following is the balance sheet of Adams Company for 2018: ADAMS COMPANY Balance sheet Assets...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet...
i need part D and part F please and thanks
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,858 8,188 13,228 10,7e0 168,e00 (12,680) $202,356e $ 8,930 3,520 4,350 21,420 114,20e 49,930 $202,35 The average...
Can you check my work? Following is the balance sheet of Fanning Company for 2018: FANNING...
Can you check my work?
Following is the balance sheet of Fanning Company for 2018: FANNING COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,450 7,740 13,220 10,550 169,000 (12,400) $203,560 $ 8,120 3,888 4,550 21,900 113,200 51,910 $203,560 The average number of common stock shares outstanding during...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable secu...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securi...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 8,220 13,340 11,500 166,000 (12,600) $ 201,710 $ 8,660 3,120 4,150 21,600 113,500 50,680 $ 201, 710 The average number of common stock shares outstanding during 2018 was...
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,100 7,980 12,740 10,750 170,500 (12.900) $ 204,170 $ 8,540 3,080 4,600 21,480 114,400 52,670 $204,170 The average number of common stock shares outstanding during Year 3 was...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
i need part D and part F please and thanks
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,858 8,188 13,228 10,7e0 168,e00 (12,680) $202,356e $ 8,930 3,520 4,350 21,420 114,20e 49,930 $202,35 The average...
Can you check my work?
Following is the balance sheet of Fanning Company for 2018: FANNING COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,450 7,740 13,220 10,550 169,000 (12,400) $203,560 $ 8,120 3,888 4,550 21,900 113,200 51,910 $203,560 The average number of common stock shares outstanding during...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
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