ACC 543 Wk 1 - Practice: Ratio Analysis
ACC 543 Wk 1 - Practice: Ratio Analysis
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ACC 543 Wk 1 - Practice: Ratio Analysis
Following is the balance sheet of Campbell Company for Year 3:
|
CAMPBELL COMPANY Balance sheet
|
|
Assets
|
|
|
|
|
Cash
|
$
|
15,350
|
|
|
Marketable securities
|
|
7,580
|
|
|
Accounts receivable
|
|
12,740
|
|
|
Inventory
|
|
10,750
|
|
|
Property and equipment
|
|
166,500
|
|
|
Accumulated depreciation
|
|
(12,100
|
)
|
|
Total assets
|
$
|
200,820
|
|
|
Liabilities and Stockholders’ Equity
|
|
|
|
|
Accounts payable
|
$
|
8,240
|
|
|
Current notes payable
|
|
3,560
|
|
|
Mortgage payable
|
|
4,900
|
|
|
Bonds payable
|
|
21,420
|
|
|
Common stock
|
|
113,900
|
|
|
Retained earnings
|
|
48,800
|
|
|
Total liabilities and stockholders’ equity
|
$
|
200,820
|
|
The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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ACC 543 Wk 1 - Practice: Ratio Analysis
Following is the balanc