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Exercise 14-7 1 A (AIgo) Ratio analysis LU 74L,745,144,145 Following is the balance sheet of Vernon Company for Year 3 : The average number of

Exercise 14-7 1 A (AIgo) Ratio analysis LU 74L,745,144,145 Following is the balance sheet of Vernon Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $16,000 Required Compute each of the following: (Round your answers to 2 decimal places.)

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