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Homework answers / question archive / Following is the balance sheet of Walton Company for Year 3:   WALTON COMPANY Balance sheetAssets   Cash$14,550 Marketable securities 8,420 Accounts receivable 12,860 Inventory 11,450 Property and equipment 167,000 Accumulated depreciation (12,400)Total assets$201,880 Liabilities and Stockholders' Equity   Accounts payable$8,690 Current notes payable 3,480 Mortgage payable 4,050 Bonds payable 21,360 Common stock 113,700 Retained earnings 50,600 Total liabilities and stockholders' equity$201,880    The average number of common stock shares outstanding during Year 3 was 880 shares

Following is the balance sheet of Walton Company for Year 3:   WALTON COMPANY Balance sheetAssets   Cash$14,550 Marketable securities 8,420 Accounts receivable 12,860 Inventory 11,450 Property and equipment 167,000 Accumulated depreciation (12,400)Total assets$201,880 Liabilities and Stockholders' Equity   Accounts payable$8,690 Current notes payable 3,480 Mortgage payable 4,050 Bonds payable 21,360 Common stock 113,700 Retained earnings 50,600 Total liabilities and stockholders' equity$201,880    The average number of common stock shares outstanding during Year 3 was 880 shares

Management

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

 

WALTON COMPANY

Balance sheetAssets   Cash$14,550 Marketable securities 8,420 Accounts receivable 12,860 Inventory 11,450 Property and equipment 167,000 Accumulated depreciation (12,400)Total assets$201,880 Liabilities and Stockholders' Equity   Accounts payable$8,690 Current notes payable 3,480 Mortgage payable 4,050 Bonds payable 21,360 Common stock 113,700 Retained earnings 50,600 Total liabilities and stockholders' equity$201,880 

 

The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,600.

 

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

C: Quick (Acid Test) Ratio

D: Return of Investment %

E: Return of Equity %

F: Debt to Equity Ratio

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