the condensed financial statements of eau fra icirc che company for the years 2009 a 577412

The condensed financial statements of Eau Fraîche Company for the years 2009 and 2010 are presented below.

EAU FRAÎCHE COMPANY Balance Sheets December 31 (in thousands)
2010	2009
Current assets
Cash and cash equivalents	$ 330	$ 360
Accounts receivable (net)	470	400
Inventories	460	390
Prepaid expenses	120	160
Total current assets	1,380	1,310
Property, plant, and equipment	420	380
Investments	10	10
Intangibles and other assets	530	510
Total assets	$2,340	$2,210
Current liabilities	$ 900	$ 790
Long term liabilities	410	380
Stockholders’ equity—common	1,030	1,040
Total liabilities and stockholders’ equity	$2,340	$2,210
EAU FRAÎCHE COMPANY Income Statements For the Year Ended December 31 (in thousands)
2010	2009
Revenues	$3,800	$3,460
Costs and expenses
Cost of goods sold	970	890
Selling & administrative expenses	2,400	2,330
Interest expense	10	20
Total costs and expenses	3,380	3,240
Income before income taxes	420	220
Income tax expense	168	132
Net income	$ 252	$ 88

Compute the following ratios for 2010 and 2009.

(a) Current ratio.

(b) Inventory turnover. (Inventory on December 31, 2008, was $340.)

(d) Return on assets. (Assets on December 31, 2008, were $1,900.)

(e) Return on common stockholders’ equity. (Equity on December 31, 2008, was $900.)

(f ) Debt to total assets ratio.

(g) Times interest earned.