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Following is the balance sheet of Rundle Company for Year 3: RUNDLE COMPANY Balance sheet Assets Cash Marketable Becurities Accounts receivable Inventory Property and equipment

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Following is the balance sheet of Rundle Company for Year 3: RUNDLE COMPANY Balance sheet Assets Cash Marketable Becurities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonda payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,200 7,540 13,160 11,350 167,000 (12,500) $ 201,750 $ 8,900 3,480 4,250 21,780 113,800 49,540 $ 201,750 The average number of common stock shares outstanding during Year 3 was 870 shares. Net Income for the year was $14,500 Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) a. Current ratio b. Earnings per share c Quick Cocid test ratio per share

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