Following is the balance sheet of Finch Company for Year 3: 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 FINCH COMPANY Balance sheet Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Required Compute each of the following: Note: 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 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,600. per share $ 15,100 8,500 13,100 11,300 168,000 (12,900) $ 203,100 % % % $ 8,750 3,160 4,550 21,180 113,800 51,660 $ 203,100

Following is the balance sheet of Finch Company for Year 3: 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 FINCH COMPANY Balance sheet Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Required Compute each of the following: Note: 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 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,600. per share $ 15,100 8,500 13,100 11,300 168,000 (12,900) $ 203,100 % % % $ 8,750 3,160 4,550 21,180 113,800 51,660 $ 203,100

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 3AP

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