Accounting. Following is the balance sheet of Rooney Company for Year 3:ROONEY COMPANYBalance sheetAssetsCash$ 14,750Marketable securitiesAccounts receivableInventoryProperty and equipmentAccumulated depreciation7,82013,46010,800169,000(12,500)Total assets$203,330Liabilities and Stockholders' EquityAccounts payableCurrent notes payableMortgage payableBonds payable$ 8,3303,6004,70021,180114,600Common stockRetained earnings50,920Total liabilities and stockholders' equity$203,330The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,800. Compute each of the following:: (Round your answers to 2 decimal places.)a. Current ratiob. Earnings per sharec. Quick (acid-test) ratiod. Return on investmente. Return on equityf. Debt to equity ratioper share%%%

Ratio analyses are used to compare the data of two or more years. It helps for the decision-making…

Following is the balance sheet of Rooney Company for Year 3: ROONEY COMPANY Balance sheet Assets $ 14,750 7,820 13,460 10,800 169,000 Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation (12,500) Total assets $203,330 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable $ 8,330 3,600 4,700 21,180 Common stock 114,600 50,920 Retained earnings Total liabilities and stockholders' equity $203,330 he average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,800.