Compute the specified ratios using Hilda Company€™s balance sheet for 2011.

The average number of common stock shares outstanding during 2011 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.

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Assets $ 15,000 8,000 13,000 11,000 170,000 (12,500) Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets $204,500 Liabilities and Stockholders' Equity $ 8,500 3,500 4,500 21,500 114,000 Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 52,500 $204,500