Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Vernon Company for 2018 VERNON COMPANY Balance sheet Assets $ 14, 650 7, 780 12, 980 11, 050 165, 500 (12, 200) $199, 760 Marketable securities Account s receivable Inventory Property and equipment Accunul ated depreciatioin Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained eamings Total liabilities and stockholders' equity $ 8, 120 3, 280 4, 450 21, 180 114, 100 48, 630 $199, 760 The average number of common stock shares outstanding during 2018 was 87O shares. Net income for the year was $16,000 Required Compute each of the following: (Round your answers to 2 decimal places.) a. Current ratio b.lEarnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio er share