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 Walton Company for Year 3: WALTON COMPANY Balance sheet Assets Cash $ 15,050 Marketable securities 8,260 Accounts receivable 13,160 Inventory 10,600 Property and equipment 165,500 Accumulated depreciation (12,800) Total assets $199,770 Liabilities and Stockholders' Equity Accounts payable $ 8,390 Current notes payable 3,560 Mortgage payable 4,800 Bonds payable 21,480 Common stock 114,000 Retained earnings 47,540 Total liabilities and stockholders' equity $199,770 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was 515,100. AUJU (12,800) $199,770 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 $ 8,390 3,560 4,800 21,480 114,000 47,540 $199,770 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,100. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23,45 per share a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Retum on investment e. Return on equity Debt to equity ratio % %