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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

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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 Mortate payable Bonds payable Common stock Retained earnings Total liabilities and stockholders equity $ 14,800 7.580 1,280 11,100 172,000 (12,400) $206,360 30 $ 8,750 3,920 4,850 21,840 113,600 53,600 $206, 360 The average number of common stock shares outstanding during Year 3 was 890 shares. Net Income for the year was $15,500 Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share Current ratio 6 Earrings per share Quick (acid test) ratio d Return on investment Return on equity Debt to equity rabo

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