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

WALTON COMPANY

Balance sheet

Assets

Cash$15,250

Marketable securities7,660

Accounts receivable13,460

Inventory10,950

Property and equipment167,000

Accumulated depreciation(12,400)

Total assets$201,920

Liabilities and Stockholders' Equity

Accounts payable$8,330

Current notes payable3,560

Mortgage payable4,550

Bonds payable21,420

Common stock114,500

Retained earnings49,560

Total liabilities and stockholders' equity$201,920

The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,000.

Required

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

Please and question with explanation!