The 2009 financial statements for the Griffin Company are as follows:

Required
Compute the following ratios for the Griffin Company for the year ending December 31, 2009:
A. Profit margin ratio (before interest and taxes)
B. Total asset turnover
C. Rate of return on total assets
D. Rate of return on common stockholders’ equity
E. Earnings per share of stock
F. Inventory turnover
G. Current ratio
H. Quick ratio
I. Accounts receivable turnover
J. Debt-to-equity ratio
K. Times interestearned

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GRIFFIN COMPANY STATEMENT OF FINANCIAL POSITION 12/31/09 12/31/08 Assets Cash Accounts receivable Inventory Property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities 5% mortgage payable Common stock (30,000 shares) Retained earnings Total liabilities and stockholders' equity $ 40,000 30,000 110,000 250,000 $430,000 10,000 55,000 70,000 257,000 $392,000 60,000 120,000 150,000 100,000 $430,000 50,000 162,000 150,000 30,000 $392,000 GRIFFIN COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2009 Sales on Account Less Expenses Cost of goods sold Salary expense Depreciation expense Interest expense Total expenses Income before taxes Income tax expense (50%) Net income $420,000 $214,000 50,000 7,000 9,000 $280,000 $140,000 70,000 S 70,000