The comparative statements of Fraggle Rock Company are presented here.

All sales were on account. Net cash provided by operating activities was $94,000. Capital expenditures were $74,000, and cash dividends were $55,000.

Instructions:

Compute the following ratio’s for 2007:

(a) Earnings per share

(b) Return on common stockholders’ equity

(c) Return on assets

(d) Current.

(e) Receivables turnover

(f) Average collection period

(g) Inventory turnover

(h) days in Inventory

(i) Times interest earned

(j) Asset turnover

(k) Debt to total Assets

(l) Current cash debt coverage

(m) Cash debt free coverage

(n) Free cash flow

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Fraggle Rock Company Income Statements For years ended December 31 2007 2006 624,000 Net sales 780,000 Cost of goods sold 440,000 405,600 218,400 Gross Profit 340,000 Selling & administrative expense Income from Operations Other expenses and losses Interest Expense 146,880 149,760 193,120 68,640 9,920 7,200 61,440 Net Income before Taxes 183,200 Income tax expense 35,000 14,000 148.200 Net Income 47.440