Compute the specified ratios using Bryce Company’s balance sheet at December 31, 2008.

Assets

Cash ............... $ 18,000

Marketable securities ......... 8,000

Accounts receivable ......... 13,000

Inventory ............. 11,000

Property and equipment ...... 170,000

Accumulated depreciation ..... (12,500)

Total assets ............ $207,500

Equities

Accounts payable ......... $ 8,500

Current notes payable ......... 3,500

Mortgage payable .......... 7,500

Bonds payable ............ 21,500

Common stock, $50 par ....... 110,000

Paid-in capital in excess of par value ... 4,000

Retained earnings .......... 52,500

Total liabilities and stockholders’ equity . $207,500

The average number of common stock shares outstanding during 2008 was 880 shares. Net income for the year was $15,000.

Required

Compute each of the following:

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