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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.)