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Following is the balance sheet of Solomon Company for Year 3: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment

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Following is the balance sheet of Solomon Company for Year 3: SOLOMON 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 $ 14,550 8,300 12,620 11,450 173,000 (12,700) $207,220 $ 8,030 3,240 4,800 21,540 114,680 55,010 $207,220 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,800. 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 a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity Debt to equity ratio % %

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