Following is the balance sheet of Rundle Company for Year 3: RUNDLE COMPANY Balance sheet...
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Accounting
Following is the balance sheet of Rundle Company for Year 3: RUNDLE COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,100 7,740 13,040 11,400 170,500 (12,300) $205,480 $ 8,900 3,560 4,350 21,600 114,300 52,770 $205,480 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14.000 Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45. per share Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e Return on equity Debt to equity ratio
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