Problem: Module Textbook Problem
Learning Objectives:
Calculate ratios for assessing a company's liquidity
Calculate ratios for assessing a company's solvency
Calculate ratios for assessing a company's managerial effectiveness
Calculate ratios for assessing a company's position in the stock market
Following is the balance sheet of Rooney Company for Year :
ROONEY COMPANY
Balance sheet
Assets
Cash $
Marketable securities
Accounts receivable
Inventory
Property and equipment
Accumulated depreciation
Total assets $
Liabilities and Stockholders Equity
Accounts payable $
Current notes payable
Mortgage payable
Bonds payable
Common stock
Retained earnings
Total liabilities and stockholders equity $
The average number of common stock shares outstanding during Year was shares. Net income for the year was $
Required
Compute each of the following: Round your answer to decimal places. For percentages, should be entered as
