Ratio analysis L.O. 2, 3, 4, 5, 6, 7 Compute the specified ratios using Nunez Company’s balance sheet for 2006.

The average number of common stock shares outstanding during 2006 was 880 shares. Net income for the year was $15,000.
Required Compute each of the following:

a. Current ratio.

b. Earnings per share.

c. Quick (acid-test) ratio.

d. Return on investment.

e. Return on equity.

f. Debt to equity ratio.