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  3. following is the balance sheet of gibson company f

Following is the balance sheet of Gibson Company for Year 3: GIBSON COMPANY...

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Accounting

Following is the balance sheet of Gibson Company for Year 3:

GIBSON COMPANY Balance sheet
Assets
Cash $ 15,250
Marketable securities 7,700
Accounts receivable 13,460
Inventory 11,150
Property and equipment 166,500
Accumulated depreciation (12,100 )
Total assets $ 201,960
Liabilities and Stockholders Equity
Accounts payable $ 8,180
Current notes payable 3,560
Mortgage payable 4,800
Bonds payable 21,960
Common stock 113,700
Retained earnings 49,760
Total liabilities and stockholders equity $ 201,960

The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,700. 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

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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