Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Rooney Company for Year 3 ROONEY 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 Hortgage payable Bonds payable Common stock. Retained earnings Total liabilities and stockholders' equity $ 15,200 8,500 13,220 10,650 167,500 (12,400) $202,670 $ 8,870 3,720 4,700 21,600 115,500) 50,280 $202,670 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $14,200 Required