The condensed financial statements of Ifeachor Company for the years 2011 and2012 are presented below.

Compute the following ratios for 2012 and 2011.(a) Current ratio.(b) Inventory turnover. (Inventory on 12/31/10 was $340.)(c) Profit margin ratio.(d) Return on assets. (Assets on 12/31/10 were $1,900.)(e) Return on common stockholders?? equity. (Equity on 12/31/10 was $900.)(f) Debt to total assets ratio.(g) Times interestearned.

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IFEACHOR COMPANY Balance Sheets December 31 2011 2012 Current assets $ 330 $ 360 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses 400 470 460 390 120 160 Total current assets 1.380 1.310 Property, plant, and equipment 420 380 Investments 10 10 Intangibles and other assets 530 510 $2.340 $2.210 Total assets $ 900 $ 790 Current liabilities Long-term liabilities Stockholders' equity-common 410 380 1,030 1,040 Total liabilities and stockholders' equity $2.340 $2.210 IFEACHOR COMPANY Income Statements For the Years Ended December 31 2012 2011 $3.800 Sales revenue $3.460 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense 970 890 2,400 2,330 10 Total costs and expenses 3.380 3,240 Income before income taxes 420 220 Income tax expense 168 132 $ 252 $ 88 Net income