Following is the balance sheet of Vernon Company for Year 3

Following is the balance sheet of Vernon Company for Year 3:

Balance sheet
Marketable securities 8,420 
Accounts receivable 12,740 
Inventory 11,050 
Property and equipment 167,500 
Accumulated depreciation (12,700
Total assets201,710 
Liabilities and Stockholders’ Equity   
Accounts payable8,780 
Current notes payable 3,240 
Mortgage payable 4,650 
Bonds payable 22,020 
Common stock 113,700 
Retained earnings 49,320 
Total liabilities and stockholders’ equity201,710 

The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $16,000.
Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)

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