Following is the balance sheet of Walton Company for Year 3: WANTON COMPANY Balance sheet...
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Accounting
Following is the balance sheet of Walton Company for Year 3: WANTON COMPANY Balance sheet Assets Canh 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 $ 14,750 7,780 13,220 11,100 167,500 13,000) $ 201,350 $ 8,030 3,520 4,400 21,660 113,900 49,840 $ 201,350 The average number of common stock shares outstanding during Year 3 was 900 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.) a. Current ratio per share b. Earnings per share c. Quick (acid-test) ratio d. Return on investment % % e. Return on equity f. Debt to equity ratio
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