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 Rooney Company for Year $3$:

ROONEY COMPANY

Balance sheet

Assets

Cash $ $15,300$

Marketable securities $8,420$

Accounts receivable $12,560$

Inventory $11,250$

Property and equipment $171,000$

Accumulated depreciation $(12,300)$

Total assets $ $206,230$

Liabilities and Stockholders$$ Equity

Accounts payable $ $8,960$

Current notes payable $3,200$

Mortgage payable $4,700$

Bonds payable $21,480$

Common stock $113,900$

Retained earnings $53,990$

Total liabilities and stockholders$$ equity $ $206,230$

The average number of common stock shares outstanding during Year $3$ was $850$ shares. Net income for the year was $$15,900.$

Required

Compute each of the following: $($Round your answer to $2$ decimal places. For percentages, $0\mathrm{.}2345$ should be entered as $23\mathrm{.}45.)$