This problem continues the Davis Consulting, Inc. situation from Problem. Assuming Davis Consulting€™s net income for the year was $ 141,235 and knowing that the current market price of Davis€™s stock is $ 200 per share calculate the following ratios for 2014 for the company:

a. Current ratio
b. Cash ratio
c. Debt ratio
d. Debt to equity ratio
e. Earnings per share (The par value of the stock is $ 1.)
f. Price/ earnings ratio
g. Rate of return on common stockholders€™equity

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DAVIS CONSULTING, INC. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Current Assets: Cash Accounts Receivable Office Supplies 514,936 16,350 1,750 200 37,500 2,200 Long-term Assets: Plants Assets 146,700 (2,753) 6,000 Accumulated Depreciation- -Flant Assets (100) 698,583 24,200 Total Assets Liabilities Current Liabilities: Accounts Payable Salaries Payable Unearned Revenue Interest Payable 10,000 4,650 685 700 0 4,100 10,667 Long-term Liabilities: Notes Payable Bonds Payable Discount on Bonds Payable 40,000 400,000 (36,184) 428,583 0 0 0 6,035 Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 130,000 18,000 165 18,165 $698,583 24,200 140,000 270,000