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 ?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more