Selected comparative financial data (in thousands, except for share price) for Indigo Books & Music are shown below.

Instructions
(a) Calculate the following ratios for 2011:
1. Asset turnover
2. Current ratio
3. Debt to total assets
4. Earnings per share
5. Free cash flow
6. Interest coverage
7. Price-earnings ratio
8. Profit margin
9. Return on assets
10. Return on equity
(b) Indicate whether each of the above ratios is a measure of liquidity (L), solvency (S), or profitability (P)?

2011 2010 Revenue Interest expense Income tax expense Profit Total current assets Total assets Total current liabilities Total liabilities Total shareholders equity Cas $1,017,325 212 2,682 11,346 342,373 516,180 238,434 246,713 263,120 18,441 43,201 12.29 24,874 $968,927 214 12,537 34,923 351,044 519,842 244,665 254,042 258,969 62,245 48,947 16.73 24,550 h provided by operating activities Cash used by investing activities Market price per share Weighted average number of common shares