1 10 points Hint Print Problem: Module 4 Textbook Problem 10 Learning Objectives: 4-2 Calculate ratios for assessing a company's liquidity .4-3 Calculate ratios for assessing a company's solvency .4-4 Calculate ratios for assessing a company's managerial effectiveness . 4-5 Calculate ratios for assessing a company's position in the stock market Following is the balance sheet of Franklin Company for Year 3: FRANKLIN 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 $ 15,300 8,420 12,500 11,200 173,000 (13,000) $207,420 $ 8,570 3,200 4,350 21,900 114,400 55,000 $207,420 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,100 Required Compute each of the following: (Round unur a The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,100. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Answer is complete but not entirely correct. Current ratio 403 b. Eamings per share i $ 16.21 per share c Quick (acid-test) ratio. 3.08 d. Return on investment 6.80% Return on equity 8.32% W Debt to equity ratio 22 44