Following is the balance sheet of Fanning Company for Year 3. Assets Cash Marketable securities Accounts receivable Inventory Property and equipment FANNING COMPANY Balance sheet $14,650 8,100 13,340 11,000 173,500 Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings (12,800) $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 complete but not entirely correct. a. Current ratio 3.81 per b. Earnings per share $ 18.02 share C. Quick (acid-test) ratio 2.92 d. Return on investment 9.64 % e. Return on equity 9.16 % f. Debt to equity ratio 22.79 %