Financial statements for Fay Thill Country

The 2008 financial statements for Fay Thill Country Stores show total assets of $490,000, total liabilities of $290,000, net sales of $1,800,000, net income of $450,000, income from operations of $520,000, cost of goods sold of $1,080,000, preferred dividends of $225,000, and interest expenses of $20,000. Total assests and total liabilities for 2007 were $430,000 and $270,000, respectively. Compute the following ratios for 2008:

1. Profit margin
2. Return on assets
3. Return on equity
4. Times-interest-earned
5. Debt ratio

Use uploaded file L9A3

After completing L9A3:
Using the information from L9A3, a market price of $25 per share, and 100,000 shares of common stock outstanding, compute the following for 2008:

1. Earning per share
2. Price/earning ratio

Use uploaded file L9A4