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Following is the balance sheet of Campbell Company for Year 3: CAMPBELL COMPANY Balance sheet Assets Cash $ 14,850 8,100 Marketable securities 13,460 Accounts receivable Inventory 10,500 Property and equipment 173,000 Accumulated depreciation (12,400) Total assets $207,510 Liabilities and Stockholders' Equity Accounts payable $ 8,780 Current notes payable 3,720 Mortgage payable. 4,550 Bonds payable 21,540 Common stock Retained earnings 113,400 55,520 $207,510 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,600. 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 share per share c. Quick (acid-test) ratio

Following is the balance sheet of Campbell Company for Year 3: CAMPBELL COMPANY Balance sheet Assets Cash $ 14,850 8,100 Marketable securities 13,460 Accounts receivable Inventory 10,500 Property and equipment 173,000 Accumulated depreciation (12,400) Total assets $207,510 Liabilities and Stockholders' Equity Accounts payable $ 8,780 Current notes payable 3,720 Mortgage payable. 4,550 Bonds payable 21,540 Common stock Retained earnings 113,400 55,520 $207,510 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,600. 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 share per share c. Quick (acid-test) ratio

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Following is the balance sheet of Campbell Company for Year 3: CAMPBELL COMPANY Balance sheet Assets Cash $14,850 8,100 Marketable securities Accounts receivable 13,460 Inventory 10,500 Property and equipment 173,000 Accumulated depreciation. (12,400) Total assets $207,510 Liabilities and Stockholders' Equity Accounts payable $8,780 Current notes payable 3,720 Mortgage payable 4,550 Bonds payable 21,540 Common stock Retained earnings 113,400 55,520 $207,510 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,600. 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 per share b. Earnings per share c. Quick (acid-test) ratio d. Return on investment % e. Return on equity % f. Debt to equity ratio
Transcribed Image Text:Following is the balance sheet of Campbell Company for Year 3: CAMPBELL COMPANY Balance sheet Assets Cash $14,850 8,100 Marketable securities Accounts receivable 13,460 Inventory 10,500 Property and equipment 173,000 Accumulated depreciation. (12,400) Total assets $207,510 Liabilities and Stockholders' Equity Accounts payable $8,780 Current notes payable 3,720 Mortgage payable 4,550 Bonds payable 21,540 Common stock Retained earnings 113,400 55,520 $207,510 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,600. 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 per share b. Earnings per share c. Quick (acid-test) ratio d. Return on investment % e. Return on equity % f. Debt to equity ratio
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