Wk 1 – practice: ratio analysis | ACC/543 | University of Phoenix

 

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

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

ADAMS COMPANY
Balance sheetAssets   Cash$15,100 Marketable securities 8,260 Accounts receivable 12,620 Inventory 11,150 Property and equipment 168,000 Accumulated depreciation (12,100)Total assets$203,030 Liabilities and Stockholders’ Equity   Accounts payable$8,660 Current notes payable 3,120 Mortgage payable 4,250 Bonds payable 21,660 Common stock 113,800 Retained earnings 51,540 Total liabilities and stockholders’ equity$203,030 

The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,500.

Required
Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
 

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

 
a.Current ratio ?

b.Earnings per shareper share ?

c.Quick (acid-test) ratio ?

d.Return on investment% ?

e.Return on equity% ?

f.Debt to equity ratio ?

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
Open chat
1
Order through WhatsApp!
nursingesssayswritings.com
Hello!
You Can Now Place your Order through WhatsApp

Order your essay today and save 30% with the discount code ESSAYHELP2