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Following is the balance sheet of Rundle Company for Year 3. RUNDLE COMPANY Balance sheet Assets Cash Marketable securities 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 securities Accounts receivable Inventory Property and equipment Accumulated 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 $14,750 7,540 13,100 11,450 166,000 (12,300) $200,540 $ 8, 240 3,760 4,700 21,960 113,000 48,880 $200,540 The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,200. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) X Answer is complete but not entirely correct. a. Current ratio 3.90 b. Earnings per share $ 16.95 X per share C. 2.95 Quick (acid-test) ratio Return on investment d. 7.36 X % e. 9.11 X % Return on equity Debt to equity ratio f. 23.88 %

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