Following is the balance sheet of Finch Company for Year 3. FINCH COMPANY Balance sheet...
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Accounting
Following is the balance sheet of Finch Company for Year 3. FINCH COMPANY Balance sheet Assets Cash $14,550 Marketable securities 8,260 Accounts receivable 13,400 Inventory 11,000 Property and equipment 170,000 Accumulated depreciation (12,100) Total assets $205,110 Liabilities and Stockholders Equity Accounts payable $8,210 Current notes payable 3,240 Mortgage payable 4,600 Bonds payable 21,360 Common stock 113,400 Retained earnings 54,300 Total liabilities and stockholders equity $205,110 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,700. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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