FANNING 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 Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,950 7,589 12,800 19,750 167,000 12,300) $209, 780 $8,540 4,000 4,600 21,960 113,700 47.989 $200, 780 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,300 Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a Current ratio b. Earnings per share Quick (acid-test) ratio d. Return on investment Return on equity Debt to equity ratio 19