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 $15,200 Merketable securities Accounts receivable Inventory 6,500 13,220 10,650 Property and equipment 167,500. Accumulated depreciation (12,400) Total assets $202,670 Liabilities and Stockholders' Equity Accounts payable $8,670 Current notes payable 3,720 Hortgage payable 4,700 Bonds payable Connon stock Retained earnings 21,600 113,500 50,280 $202,670 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 900 shares. Net Income for the year was $14,200. Required Check my work