Comparative financial statement data of Danfield, Inc., follow:

1. Market price of Danfi eld's common stock: $40.14 at December 31, 2012, and $25.87 at December 31, 2011
2. Common shares outstanding: 10,000 during 2012 and 10,000 during 2011
3. All sales are credit sales
Requirements
1. Compute the following ratios for 2012 and 2011:
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

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Danfield, Inc. Comparative Income Statement Years Ended December 31, 2012 and 2011 2012 2011 $466,840 $419,560 250,000 210,000 $216,840 $209,560 134,000 127,000 $82,840 82,560 10,900 12,800 71,940 $69,760 33,760 46,000 36,000 Net s Cost of goods Gross profit Income from operations Interest expense Income before income tax Income tax expense Net i 25,940 Danfield, Inc. Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 2010 Current assets: S 91,000 $92,000 Current receivables, 106,000 180,000 $130,000 140,000 110,000 226,000 5,000 S346,500 $387,000 201,000 172,000 $547,500 $559,000 $192,500 $225,000 95,000 119,000 S287,500$344,000 125,000 125,000 Prepaid expenses 9,500 Total current assets Property, plant, and equipment, net Total a Total current liabilities Long-term liabilities Total liabilities Preferred stock, 8% Common stockholders' equity, no par.13,3.000 90,000 110,000 Total liabilities and stockholders' equity ...$547,500 $559,000 Selected 2010 amonts