The 2008 financial statements for Fay Thill Country Stores show total assets of

The 2008 financial statements for Fay Thill Country Stores show total assets of $490000 total liabilities of $290000 net sales of $1800000 net income of $450000 income from operations of $520000 cost of goods sold of $1080000 preferred dividends of $225000 and interest expenses of $20000. Total assests and total liabilities for 2007 were $430000 and $270000 respectively. Compute the following ratios for 2008:1. Profit margin2. Return on assets3. Return on equity4. Times-interest-earned5. Debt ratioUsing the information from L9A3 a market price of $25 per share and 100000 shares of common stock outstanding compute the following for 2008:1. Earning per share2. Price/earning ratio