Compute the specified ratios using the following December 31, 2011, statement of financial position for Geofferey Company.

The average number of common shares outstanding during 2011 was 1,500. Net income for the year was $60,000.
Required
Compute each of the following:
a. Current ratio
b. Earnings per share
c. Acid-test ratio
d. Return on investment
e. Return on equity
f. Debt to equity ratio

Assets $ 40,000 9,000 72,800 112,200 150,000 (24,000) $360,000 Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 39,200 Accounts payable Current notes payable Mortgage payable Bonds payable Common stock 6,800 62,000 42,000 128,000 82,000 Retained earnings Total liabilities and stockholders' equity $360,000