Selected items from successive annual reports of Middlebrook, Inc., appear as follows.

	2015			2014
Total assets (40% of which are current)	$	400,000		$	325,000
Current liabilities	$	80,000		$	100,000
Bonds payable, 12%		100,000			50,000
Capital stock, $5 par value		100,000			100,000
Retained earnings		120,000			75,000
Total liabilities & stockholders' equity	$	400,000		$	325,000

Dividends of $16,000 were declared and paid in 2015.

a.

Compute the current ratio for 2015 and 2014. (Round your answers to 1 decimal place.)

b.

Compute the debt ratio for 2015 and 2014. (Round your percentage answers to nearest whole percent. i.e. 0.1234 as 12%.)

Compute the earnings per share for 2015. (Round your answer to 2 decimal places.)

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