Comparative financial-statement data of Weinstein, Inc., follow.

Comparative financial-statement data of Weinstein, Inc., follow.

      and so on.....

Other Information:

1. Market price of Weinstein’s common stock: $49 at December 31, 2009, and $32.50 at December 31, 2008.

2. Common shares outstanding: 10,000 during 2009 and 9,000 during 2008.

3. All sales on credit.

Requirements:

1. Compute the following ratios for 2009 and 2008:

a. Current ratio 

b. Times-interest-earned ratio 

c. Inventory turnover 

d. Return on common stockholders’ equity 

e. Earnings per share of common stock 

f. Price/earnings ratio 

2. Decide (a) whether Weinstein’s ability to pay debts and to sell inventory improved or deteriorated during 2009 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased.