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Saved Selected items from successive annual reports of Middlebrook, Inc., appear as follows. Total assets (40% of which are current) Current liabilities Bonds payable, 128

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Saved Selected items from successive annual reports of Middlebrook, Inc., appear as follows. Total assets (40% of which are current) Current liabilities Bonds payable, 128 Capital stock, $5 par value Retained earnings Total liabilities & stockholders equity Year 2 $ 455,000 $ 80,000 100,000 100,000 175,000 $ 455,000 Year 1 $ 384,000 $ 100,000 50,000 100,000 134,000 $ 384,000 Dividends of $16,000 were declared and paid in year 2. a. Compute the current ratio for year 2 and year 1. (Round your answers to 1 decimal place.) b. Compute the debt ratio for year 2 and year 1. (Round your percentage answers to nearest whole percent. I.e. 0.1234 as 12%.) c. Compute the earnings per share for year 2. (Round your answer to 2 decimal places.) a. Current ratio b. Debt ratio C Earnings per share Year 2 to 1 % Year 1 to 1 %

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