Cash $ 15,400 Marketable securities 7,860 Accounts receivable 12,920 Inventory 10,650 Property and equipment 169,500 Accumulated...
| Cash | $ | 15,400 | |
| Marketable securities | 7,860 | ||
| Accounts receivable | 12,920 | ||
| Inventory | 10,650 | ||
| Property and equipment | 169,500 | ||
| Accumulated depreciation | (12,100 | ) | |
| Total assets | $ | 204,230 | |
| Liabilities and Stockholders’ Equity | |||
| Accounts payable | $ | 8,780 | |
| Current notes payable | 3,080 | ||
| Mortgage payable | 4,500 | ||
| Bonds payable | 21,960 | ||
| Common stock | 114,600 | ||
| Retained earnings | 51,310 | ||
| Total liabilities and stockholders’ equity | $ | 204,230 |
The average number of common stock shares outstanding during 2018
was 870 shares. Net income for the year was $15,000.
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
Homework Answers
a) Current ratio = 46830/11860 = 3.95:1
b) Earning per share = 15000/870 = 17.24 per share
c) Quick ratio = 36180/11860 = 3.05:1
d) Return on investment = 15000/204230 = 7.34%
e) Return on equity = 15000/165910 = 9.04%
f) Debt to equity = 38320/165910 = 23.10%
Add Answer to:
Cash $ 15,400 Marketable securities 7,860 Accounts receivable 12,920 Inventory 10,650 Property and equipment 169,500 Accumulated...
Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets...
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The average number of common stock shares outstanding during 2018 was 880 shares. Net income for...
The average number of common stock shares outstanding during
2018 was 880 shares. Net income for the year was $14,300.
Required
Compute each of the following: (Round your answers to 2
decimal places.)
Following is the balance sheet of Thornton Company for 2018: THORNTON 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...
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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...
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Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,600 10,750 14,300 1,100 19,000 12,900 $62,650 Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 2,490 8,730 9,500 19,000 22,930 $62,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
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 $ 15,150 8,260 13,400 11,500 171,500 (12, eee) $207,810 $ 8,720 3,400 4,200 21,180 114, 30e 56,010 $207,810 A OCA-FARM Required Compute each of the following: (Round your per share a. Current ratio b. Earnings per share o. Quick (acid-test) ratio d....
The average number of common stock shares outstanding during
2018 was 880 shares. Net income for the year was $14,300.
Required
Compute each of the following: (Round your answers to 2
decimal places.)
Following is the balance sheet of Thornton Company for 2018: THORNTON 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...
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 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...
Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 9,000 2,000 6,000 24,000 41,000 34,000 80,000 114,000 155,000 Liabilities and Equity Accounts payable 17,000 Notes payable 6,000 Current liabilities 23,000 Long-term debt 95,000 Total liabilities 118,000 Paid-in capital 20,000 Retained earnings 17,000 Equity 37,000 Total liab. & equity 155,000 - Attempt 1/10 for 10 pts. Part 1 What is the current ratio? 2+ decimals...
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...
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