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Following is the balance sheet of Fanning Company for Year 3. Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation FANNING

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Following is the balance sheet of Fanning Company for Year 3. Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation FANNING COMPANY Balance sheet $14,650 8,100 13,340 11,000 173,500 (12,800) Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings $207,790 $8,390 3,960 4,550 21,660 113,900 55,330 $207,790 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,500. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) > Answer is not complete. a. Current ratio b. Earnings per share 47,090.00 per share C. Quick (acid-test) ratio d. Return on investment % e. Return on equity % f. Debt to equity ratio %

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