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Compute Current ratio and Earnings per share

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Question - Following is the balance sheet of Rundle Company for 2018:

RUNDLE COMPANY Balance sheet

Assets

 

Cash

$14,950

Marketable securities

7,580

Accounts receivable

13,160

Inventory

11,200

Property and equipment

172,000

Accumulated depreciation

(12,800)

Total assets

$206,090

Liabilities and Stockholders' Equity

 

Accounts payable

$8,810

Current notes payable

3,040

Mortgage payable

4,450

Bonds payable

21,360

Common stock

114,900

Retained earnings

53,530

Total liabilities and stockholders' equity

$206,090

The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $16,000.

Required - Compute each of the following:

1. Current ratio

2. Earnings per share

3. Quick (acid-test) ratio

4. Retuirn on invstment

5. Return on equity

6. Debt to equity ratio

Reference no: EM132476895

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