Exercise 1413 Current Ratio, Debt Ratio, and Earnings per Share (L014-6, Lo14-7) Selected items from successive annual reports of Middlebrook, Inc., appear as follows. Total assets (40% of which are current) Bonds payable, 12% Capital stock, $5 par value Retained earnings Total liabilities & stockholders equity $ 450,000 80,000 100,000 100,000 S 348,000 $ 100,000 50,000 100,000 98,000 5450,000 348,000 Dividends of $16,000 were declared and paid in year 2 a. Compute the current ratio for year 2 and year 1. (Round your answers to 1 decimal place.) b. Compute the debt ratio for year 2 and year 1. (Round your percentage answers to nearest whole percent. i.e. 0.1234 as 12%. c. Compute the earnings per share for year 2. (Round your answer to 2 decimal places.) Year 2 a. Current ratio to 1 to 1 b. Debt ratio Prev4 of 4l Next