Compute the specified ratios using Hilda Company's balance sheet at December 31, 2011.AssetsCash $14,000Marketable securities 7,000Accounts receivable 14,000Inventory 11,000Property and equipment 170,000Accumulated depreciation (11,500)Total assets $204,500EquitiesAccounts payable $8,500Current notes payable 3,500Mortgage payable 4,500Bonds payable 23,000Common stock 105,000Retained earnings 60,000Total liabilities and stockholders' equity $204,500The average number of common stock shares outstanding during 2011 was 850 shares. Net income for the year was $15,000.Round your answer to 2 decimal places. Required:1. Compute each of the following:a) Current ratio. b) Earnings per share. c) Quick (acid-test) ratio. d) Return on investment. e) Return on equity. f) Debt to equity ratio.

a) Current ratio.

= Current assets/ current liabilities

= ( Cash + Marketable securities+ Accounts receivable + Inventory) / (Accounts Payable + Current notes payable )

= (14,000 + 7,000 + 14,000 + 11,000) / ( 8,500 + 3,500)

= 3.83

b) Earnings per share.

= Net Income / Common stock outstanding

= 15,000 / 850

= $17.65

c) Quick (acid-test) ratio.

= (Current assets - Inventory ) / Current liabilities

= (14,000 + 7,000 + 14,000) / ( 8,500 + 3,500))

= 2.92

d) Return on investment.

= Net Income/ total assets

= 15,000 / 204,500

= 7.33%

e) Return on equity.

= Net Income / Common equity

= 15,000 / ( Common stock + retained earnings)

= 15,000 / 165,000

= 9.09%

f) Debt to equity ratio.

= Debt / Equity

= ( Accounts payable + Current notes payable + Mortgage payable + Bonds payable) / 165,000

= (8,500 + 3,500 + 4,500 + 23,000) / 165,000

= 23.94%

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi