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Can you check my work? Following is the balance sheet of Fanning Company for 2018: FANNING COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable

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Following is the balance sheet of Fanning Company for 2018: FANNING 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 $ 15,450 7,740 13,220 10,550 169,000 (12,400) $203,560 $ 8,120 3,888 4,550 21,900 113,200 51,910 $203,560 The average number of common stock shares outstanding during 2018 was 870 Required Compute each of the following: (Round your answers to 2 decimal places.) 3.94 $ 16.44 per share 3.91 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 7.30% 8.66% 23.29% Following is the balance sheet of Fanning Company for 2018: FANNING 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 $ 15,450 7,740 13,220 10,550 169,000 (12,480) $203,560 $ 8,120 3,880 4,55 21,900 113,200 51,910 $203,568 The average number of common stock shares outstanding during 2018 was 870 shares. Net income for the year was $14,300. Required Compute each of the following: (Round your answers to 2 decimal places.) a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equily f. Debt to equity ratio 3.94 $ 16.44 per share 3.91 7.30% 8.66% 23.29%

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