Following is the balance sheet of Adams Company for Yea
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Following is the balance sheet of Adams Company for Year 3:
ADAMS COMPANY
Balance sheetAssets Cash$15,100 Marketable securities 8,260 Accounts receivable 12,620 Inventory 11,150 Property and equipment 168,000 Accumulated depreciation (12,100)Total assets$203,030 Liabilities and Stockholders’ Equity Accounts payable$8,660 Current notes payable 3,120 Mortgage payable 4,250 Bonds payable 21,660 Common stock 113,800 Retained earnings 51,540 Total liabilities and stockholders’ equity$203,030
The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,500.
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 ?
b.Earnings per shareper share ?
c.Quick (acid-test) ratio ?
d.Return on investment% ?
e.Return on equity% ?
f.Debt to equity ratio ?
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