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Following is the balance sheet of Adams Company for Year 3: ADAMS COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment

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Following is the balance sheet of Adams Company for Year 3: ADAMS 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 earningo Total liabilities and stockholders' equity $ 15,400 8,460 12,680 10,850 167,500 (12,300) $202,590 S 8,030 3,800 4,850 21,060 114,000 50,850 $ 202,590 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,700. 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 c. Quick (acid-test) ratio d. Return on investment 6. Return on equity 1. Debt to equity ratio % %

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