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Assets Cash Marketable securities Accounts receivable Inventory Property and equipment VERNON COMPANY Balance sheet $ 15,200 7,820 13,400 Accumulated depreciation Total assets Liabilities and Stockholders'
Assets Cash Marketable securities Accounts receivable Inventory Property and equipment VERNON COMPANY Balance sheet $ 15,200 7,820 13,400 Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Bonds payable Mortgage payable Common stock Retained earnings Total liabilities and stockholders' equity 10,500 174,500 (12,600) $208,820 $ 8,480 3,280 4,350 21,540 114,900 56,270 $208,820 The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,200. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) 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 3.93 per share % %
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