Reference no: EM132477140

Question - Given

Assets:

Cash $36,000

Marketable securities $24,000

Accounts receivable 50,000

Inventory 44,000

Property and equipment 320,000

Accumulated depreciation (74,000)

Total assets $400,000

Liabilities and stockholder's equity:

Accounts payable 23,000

Current notes payable 7,000

Mortgage payable 8,000

Bonds payable 43,000

Common stock 200,000

Retained earnings 119,000

Total liabilities and stockholder's equity $400,000

Required - Compute the following and round computations to 2 decimal points:

1. Current ratio

2. Earnings per share

3. Quick (acid test) ration

4. Return on investment

5. Return on equity

6. Debt to equity ratio