Condensed balance sheet and income statement data for Lark Corporation are presented here.

Instructions
Compute these values and ratios for 2009 and 2010.
(a) Earnings per share.
(b) Working capital.
(c) Current ratio.
(d) Debt to total assets ratio.
(e) Free cash flow.
(f) Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2009 to 2010 of LarkCorporation.

LARK CORPORATION Income Statements For the Years Ended December 31 Sales Cost of goods sold Operating expenses (including income taxes) Net income 2010 $750,000 440,000 240,000 70,000 2009 $670,000 400,000 220,000 $ 50,000 Additional information: Cash from operating activitics Cash used for capital expenditures Dividends paid Avcrage number of shares outstanding $87,000 $45,000 $20,000 33,000 60,000 $38,000 $15,000 30,000