Please solve the following Financial Statement Ratios using the Balance Sheet and Income Statement found below. Also tell me, in a sentence or two, what we have learned from each one.

1. CURRENT RATIO

2. QUICK, OR ACID TEST RATIO

3. WORKING CAPITAL

4. DEBT TO WORTH (or Owners Equity) RATIO

5. ROI (Return on Investment).

6. EARNINGS PER SHARE

7. INVENTORY TURNOVER

FIGUREA Jim Jones, dba Jim's Cool Stuff BALANCE SHEET As of December 31, 2009 ASSETS Current Assets Cash Accts. Receivable Inventory 250 550 750 000 2,550 LIABILITIES Current Liabilities Accounts Payable Notes Payable Contracts Payable 500 600 300 1,100 Total Curr. Liabilities Total Curr. Assets Long-Term Liabilities Mortgage Long Term Contract Total LT Liabilities TOTAL LIABILITIES Fixed Assets Land 15,000 1.500 16,500 17,600 40,000 Truck Accum. Dep. Total Fixed Assets 2,000 (250)1.750 41,750 TOTAL ASSETS: 44.300 EQUITY Common Stock (1,000 shares) TOTAL EQUITY 26,700 26,700 LIABILITIES & EQUITY 44.300