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Problem 9-3 Compute the specified ratios using MSU1 Inc's balance sheet at December 31, 2018....

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Accounting

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Problem 9-3 Compute the specified ratios using MSU1 Inc's balance sheet at December 31, 2018. 30,000 60,000 21,000 16,500 300,000 (37,500) 390,000 Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities & Shareholders' Equity Accounts payable Current notes payable Long Term Liabilities Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 18,000 15,000 27,000 75,000 195,000 60,000 390,000 The average number of common stock shares outstanding during 2018 was Net Income for the year was: 45,000 REQUIRED Compute each of the following: 1 Earnings per share 2 Quick (acid-test) ratio 3 Current ratio 4 Debt to equity ratio 5 Return on investment 6 Return on equity

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