Question: I'm bot sure what I am doing wrong... Following is the balance sheet of Vernon Company for Year 3. VERNON COMPANY Balance sheet Assets Cash

Following is the balance sheet of Vernon Company for Year 3. VERNON 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 Total liabilities and stockholders' equity $ 14,700 8,020 13,340 10,950 168,000 12,300) $202, 710 $ 8,840 3,960 5,000 21,000 113,200 50,710 $ 202,710 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,600. a. Current ratio 3.67 b. Earnings per share $ 16.59 per share CA 2.82 Quick (acid-test) ratio Return on investment d. 182.04 X % e. Return on equity Debt to equity ratio f. 8.91% 23.67 X
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