Following is the balance sheet of Fanning Company for Year 3. Assets Cash Marketable securities Accounts receivable Inventory FANNING COMPANY Balance sheet Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable $15,500 7,740 13,040 11,000 171,000 (12,900) $205,380 $8,210 3,760 4,750 21,120 Common stock Retained earnings Total liabilities and stockholders' equity 113,300 54,240 $205,380 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,100. 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 e. Return on equity f. Debt to equity ratio % % %