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Following is the balance sheet of Thornton Company for Year 3: THORNTON COMPANY Balance sheet Assets Cash $ 14,750 Marketable securities 8,220 Accounts receivable 12,980

Following is the balance sheet of Thornton Company for Year 3:

THORNTON COMPANY Balance sheet
Assets
Cash $ 14,750
Marketable securities 8,220
Accounts receivable 12,980
Inventory 10,700
Property and equipment 165,000
Accumulated depreciation (12,800 )
Total assets $ 198,850
Liabilities and Stockholders Equity
Accounts payable $ 8,660
Current notes payable 3,880
Mortgage payable 4,900
Bonds payable 21,540
Common stock 114,000
Retained earnings 45,870
Total liabilities and stockholders equity $ 198,850

The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,300.

Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)

Current ratio
Earnings per share per share
Quick (acid-test) ratio
Return on investment %
Return on equity %
Debt to equity ratio

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