Exercise 14-13A (Algo) Ratio analysis LO 14-2, 14-3, 14-4, 14-5

Following is the balance sheet of Vernon Company for Year 3:

VERNON COMPANY Balance sheet
Assets
Cash	$	14,850
Marketable securities		7,620
Accounts receivable		13,460
Inventory		10,550
Property and equipment		169,000
Accumulated depreciation		(12,500	)
Total assets	$	202,980
Liabilities and Stockholders Equity
Accounts payable	$	8,900
Current notes payable		3,440
Mortgage payable		4,700
Bonds payable		21,360
Common stock		113,100
Retained earnings		51,480
Total liabilities and stockholders equity	$	202,980

The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,900.

Required Compute each of the following: (Round your answers to 2 decimal places.)

a.	Current ratio
b.	Earnings per share		per share
c.	Quick (acid-test) ratio
d.	Return on investment		%
e.	Return on equity		%
f.	Debt to equity ratio		%