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)?

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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