Use the following information from XYZ Company's balance sheet: Assets: Cash $6,000 Marketable securities Accounts receivable Inventory $3,200 $5,200 $14,400 Property and equipment $68,000 Accumulated depreciation ($5,000) Total asset $91,800 Liabilities and Stockholders' Equity: Accounts payable $3,400 Notes payable (current) $1,400 Mortgage payable (long-term) $1,800 Bonds payable (long-term) $28,600 Common stock, $50 par $24,000 Paid-in capital in excess of par $11,600 Retained earnings $21,000 Total liabilities and stockholders' equity $91,800 The average number of common stock shares outstanding during the year was 840 shares. Net earnings for the year were $6,300. The debt-to-equity ratio is: A. 75% B. 62.2% C. 34.2% D. 22.2%

Following is the balance sheet of Thornton Company for Year 3: THORNTON COMPANY Balance sheet Assets Cash $ 15,050 Marketable securities Accounts receivable 8,380 Inventory Property and equipment Accumulated depreciation 13,340 11,050 165,500 (12,300) Total assets $201,020 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable $ 8,750 3,200 4,100 21,840 113,300 49,830 $201,020 Common stock Retained earnings Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) a. Current ratio 4.00 b. Earnings per share 2$ 17.00 per share c. Quick (acid-test) ratio 3.08 d. Return on investment % e. Return on equity f. Debt to equity ratio < Prev 6 of 6 Next MacBook Air 80 888 F2 F3 DII F4 FS F6 F8 F9 # $ & * 3 4…

Subject: acounting

Find the following using the data bellow  Accounts receivable = 111,100,000 Current assets = 316,500,000  Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratio

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II. The following is a comparative balance sheet of ABC Co. for December 31, 2022 and 2021: Cash and cash equivalents Accounts receivable Inventories Investment in bonds at amortized cost Equipment Accumulated depreciation Total Assets Accounts payable Bonds payable, due 2025 Ordinary stock, P20 par Share premium Retained earnings Total Liabilities and Equity Additional information: . 2022 250,000 327,600 822,000 0 . 2,400,000 (700,000) 3,099,600 359,000 0 1,800,000 280,000 660,600 3,099,600 2021 220,000 356,000 780,000 200,000 2,040,000 (760,000) 2,836,000 • Net income for 2022, P545,600. Depreciation reported on income statement, P140,000. Fully depreciated equipment, no salvage value, was scrapped. Equipment was purchased for P560,000. Bonds of P400,000 were retired at their face value. 281,000 400,000 1,600,000 200,000 355,000 2,836,000 10,000 shares of ordinary stock were issued for cash of P28 per share. Cash dividends declared and paid, P240,000 Investment in bonds with carrying…

Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $36,767 Accounts receivable 74,993 Accrued liabilities 6,681 Cash 17,378 Intangible assets 41,965 Inventory 83,039 Long-term investments 90,147 Long-term liabilities 70,154 Marketable securities 39,256 Notes payable (short-term) 24,477 Property, plant, and equipment 689,894 Prepaid expenses 1,932 Based on the data for Harding Company, what is the amount of working capital?

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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000

The following data are taken from the records of Grouper Company. Cash Current assets other than cash Long-term debt investments Plant assets Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings Additional information: 1. 2. 3. 4. 5. December 31, December 31, 2025 2024 $15,100 84,300 10,000 334,300 $443,700 $20,100 39,900 74,800 255,400 53,500 $443,700 $8,000 60,600 52,500 214,900 $336,000 $40,400 21,800 -0- 255,400 18,400 $336,000 Held-to-maturity debt securities carried at a cost of $42,500 on December 31, 2024, were sold in 2025 for $34,300. The loss (not unusual) was incorrectly charged directly to Retained Earnings. Plant assets that cost $50,300 and were 80% depreciated were sold during 2025 for $8,000. The loss was incorrectly charged directly to Retained Earnings. Net income as reported on the income statement for the year was $57,100. Dividends paid amounted to $11,740. Depreciation charged for the year was $19,940.