Following is the balance sheet of Vernon Company for Year 3

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

VERNON COMPANY
Balance sheet
Assets   
Cash14,700 
Marketable securities 8,420 
Accounts receivable 12,740 
Inventory 11,050 
Property and equipment 167,500 
Accumulated depreciation (12,700
Total assets201,710 
Liabilities and Stockholders’ Equity   
Accounts payable8,780 
Current notes payable 3,240 
Mortgage payable 4,650 
Bonds payable 22,020 
Common stock 113,700 
Retained earnings 49,320 
Total liabilities and stockholders’ equity201,710 

 
The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $16,000.
 
Required
Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)

Don't use plagiarized sources. Get Your Custom Essay on
Following is the balance sheet of Vernon Company for Year 3
Just from $13/Page
Order Essay
Current ratio
Earnings per sharePer share
Quick (acid test) ratio
Return on investment
Return on equity
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.
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY