Exercise 9 13a Algo Ratio Analysis Lo 9 2 9 3 9 4 9 5 Following Is The Balance Sheet Of Thornton Company For Year 3 1 (30.4 KiB) Viewed 35 times
Exercise 9 13a Algo Ratio Analysis Lo 9 2 9 3 9 4 9 5 Following Is The Balance Sheet Of Thornton Company For Year 3 2 (21.28 KiB) Viewed 35 times
Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Thornton Company for Year 3: THORNTON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory $ 14,800 7,780 12,680 10,700 Property and equipment. 169,500 Accumulated depreciation (12,700) Total assets $202,760 Liabilities and Stockholders' Equity Accounts payable $ 8,840 Current notes payable 3,200 4,400 Mortgage payable Bonds payable Common stock 21,480 113,700 51,140 Retained earnings S Total liabilities and stockholders' equity $202,760 The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,100. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,100. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) ces 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 2 of 3 Next > % < Prev
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!