Below is the relevant Income Statement and Balance Sheet information for Town Pr

Below is the relevant Income
Statement and Balance Sheet information for Town Press for 2012. Income Statement Net Sales 460000 Cost of Goods Sold 239000 Gross Profit 221000 Operating expenses 138000 Operating Income 83000 Interest Expense 13000 Income before taxes 70000 Tax Expense
19000 Net Income 51000 Balance Sheet Cash 91000 Accounts
receivable 113000 Prepaid
Expenses 16000 Inventories 144000 Total
Current Assets 364000 Building
(net of depreciation) 217000 Total Assets 581000 Total
Current Liabilities 227000 Long
term Liabilities 117000 Total
Liabilities 344000 Preferred
Stock 3% at par 92000 Common
Stock (no par) 145000 Total
Liabilities and Equity 581000 1: Average inventory during 2012 was 151000 2: The market price per common share on December 31 2012
was $59.36 3: Average common shares outstanding during 2012 was
13000 4: All sales are on credit.Compute the following
ratios for 2012: a: Current Ratio b: Times interest earned ratio c: Inventory Turnover d: Gross profit percentage e: Debt to equity ratio f: Rate of return on common equity g: Earning per share of common stock h: Price/Earnings ratio