Question

Following is the balance sheet of Munoz Company for Year 3: MUNOZ COMPANY Balance sheet Assets...

Following is the balance sheet of Munoz Company for Year 3:

MUNOZ COMPANY
Balance sheet
Assets
Cash $ 15,200
Marketable securities 7,580
Accounts receivable 13,400
Inventory 11,200
Property and equipment 169,500
Accumulated depreciation (12,200 )
Total assets $ 204,680
Liabilities and Stockholders’ Equity
Accounts payable $ 8,690
Current notes payable 3,320
Mortgage payable 4,550
Bonds payable 21,240
Common stock 114,400
Retained earnings 52,480
Total liabilities and stockholders’ equity $ 204,680


The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,000.

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 _____________
d Return on investment _____________ %
e return on equity _____________ %
f debt to equity ratio _____________
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