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Following is the balance sheet of Vernon Company for Year 3: VERNON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment
Following is the balance sheet of Vernon Company for Year 3: VERNON 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 $ 14,850 8,060 13,400 11,350 165,500 (12,900) $200,260 $ 8,300 3,280 4,500 21,900 Total liabilities and stockholders' equity 114,200 48,080 $200,260 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,700. 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. Eamings per share Quick (acid-test) ratio d. Return on investment e Return on equity f Debt to equity ratio per share % %
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