Answer Happy

Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Solomon Company for Year 3: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable $ 15,500 8,020 12,620 Inventory 10,850 Property and equipment 171,500 Accumulated depreciation (12,900) Total assets $205,590 Liabilities and Stockholders' Equity Accounts payable $ 8,930 Current notes payable Mortgage payable Bonds payable Common stock 4,100 22,020 113,700 53,360 $205,590 Retained earningss Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,900. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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 i b Earnings por share c Quick (acid-test) ratio d. Return on investment % e Return on equity % Debt to equity ratio