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Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio per share % %

Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio per share % %

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets BENSON COMPANY Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable. Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio per share $ 14,750 7,540 13,460 10,600 172,000 (12,100) The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) % % $206,250 $8,210 3,160 4,800 21,720 114,800 53,560 $206,250
Transcribed Image Text:Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets BENSON COMPANY Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable. Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio per share $ 14,750 7,540 13,460 10,600 172,000 (12,100) The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) % % $206,250 $8,210 3,160 4,800 21,720 114,800 53,560 $206,250
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