Check my work Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Duluth Company for 2018. DULUTH COMPANY Balance sheet Assets Cash $36,000 24,000 50,000 44,000 320,000 (74,000) Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $400,000 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable 23,000 7,000 8,000 43,000 200,000 119,000 Common stock Retained earnings $400,000 es and stockholders' equity Total liabili The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $40,000. Required Compute each of the following: (Round your answers to 2 decimal places.) The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $40,000. Required Compute each of the following: (Round your answers to 2 decimal places.) 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 5.13 per share 3.67 % %