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

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Following is the balance sheet of Stuart Company for Year 3: STUART 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 $ 15, 100 7,820 12,800 11,500 165,500 (12,900) $199, 820 $ 8, 420 3,840 4,850 21, 360 114,600 46, 750 $199, 820 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,600. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) 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 1. Debt to equity ratio 96 96

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