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 Vernon Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,000. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)