Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio $ 17.10 per share $ 15,350 8,380 13,160 11,100 % % 167,500 (12,800) $202,690 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ 8,960 3,880 4,400 21,720 114,000 49,730 $202,690
Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio $ 17.10 per share $ 15,350 8,380 13,160 11,100 % % 167,500 (12,800) $202,690 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) $ 8,960 3,880 4,400 21,720 114,000 49,730 $202,690
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4E
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