Question: Need help with the 2 ratios at the bottom. Please show work/formulas! The balance sheets for Crosby Inc. and Gretzky Company reflect the following. Crosby

 Need help with the 2 ratios at the bottom. Please show
Need help with the 2 ratios at the bottom. Please show work/formulas!

The balance sheets for Crosby Inc. and Gretzky Company reflect the following. Crosby Inc Gretzky Inc. Current liabilities $ 12.000 $ 12,000 Long-term liabilities 15,000 92,000 Stockholders equity Common stock $5 par 68,000 18,400 696 Preferred stock $10 par cumulative 20,000 8.000 Retained earnings 24,000 12,000 Total liabilities and stockholders equity $139,000 $142.400 Net income included in above retained earnings amount $20,000 $8.000 Common stockholders equity prior 90,000 36,000 year Compute the following ratios, rounding your answers to two decimal places, Crosby Inc. Gretzky Inc. a. Compute the total liabilitles-to-equity ratio. 0.24 2.71 OX OX b. Compute the return on equity ratio. 0 x OX cCompute book value per share of common stock

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