Question: The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $15,700. Compute each of the following: (round to 2 decimal places)a. Current ratio _______b. Earnings per share ______ per sharec. Quick (acid-test ratio) ________d. Return on investment ______ %e. Return on equity ________ %f. Debt to equity ratio

Following is the balance sheet of Benson Company for Year 3: BENSON COMPANY Balance sheet Assets Cash $ 14, 900 Marketable securities 7, 780 Accounts receivable 12, 620 Inventory 10, 550 Property and equipment 165, 000 Accumulated depreciation (12, 300) Total assets $198, 550 Liabilities and Stockholders' Equity Accounts payable $ 8,330 Current notes payable 3,000 Mortgage payable 5,000 Bonds payable 21, 960 Common stock 114, 500 Retained earnings 45, 760 Total liabilities and stockholders' equity $198, 550