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Following is the balance sheet of Fanning Company for Year 3: YANG COMPANY Balance sheet Assets Casa $ 14,500 7,780 13,340 11,350 168,500 (12,500) $202,970

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Following is the balance sheet of Fanning Company for Year 3: YANG COMPANY Balance sheet Assets Casa $ 14,500 7,780 13,340 11,350 168,500 (12,500) $202,970 Marketable securities Accounts receivable Inventory Property and equipment Acolated 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 $ 3.930 3.920 4.150 21,900 114,200 49.870 $202.970 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,000. 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 Current ratio Earnings per share Quick (acid-test) ratio Return on investment Return on equity Debt to equity ratio % %

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