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Following is the balance sheet of Fanning Company for Year 3: FANNING COMPANY Balance sheet...

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Accounting

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Following is the balance sheet of Fanning Company for Year 3: FANNING 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 Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 8,420 12,620 10,850 166,500 (12,200) $ 201,440 $ 8,810 3,680 4,950 21,480 114,300 48,220 $ 201,440 The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) a. Current ratio per share b. Earnings per share c. Quick (acid-test) ratio d. Return on investment % % e. Return on equity f. Debt to equity ratio

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