Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand operations into the Pacific Rim and would like an analysis of its financial statements to be prepared. Review the financial statements below:

Jeffersonian Corporation

Comparative Income Statement

For years ended December 31, 2011 and 2010

Jeffersonian Corporation
Comparative Balance Sheet
For years ended December 31, 2011 and 2010

REQUIRED:
1. Prepare comparative income statements for year 2011 in comparison to year 2010.
2. Prepare common-size comparative balance sheet for years 2011 and 2010
3. Compute the following ratios for 2011. 
Current ratio 
Profit margin ratio
Acid-test ratio 
Total asset turnover
Accounts receivable turnover 
Return on total assets
Days' sales uncollected 
Earnings per share
Inventory turnover 
Price earnings ratio
Debt-to-equity ratio 
Dividend yield
Times interestearned

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2011 $2,486,000.00 $1,523,000.00 $963,000.00 2010 2,075,000.00 1,222,000.00 853,000.00 Sales Cost of goods sold Gross Profit Operating Expenses Salaries Expense Contract Labor Expense Insurance Expense Supplies expense Depreciation Expense Miscellaneous expense Marketing and Promotion expense Total operating expenses Operating Income Interest expense Income before taxes Income taxes Net Income 145,000.00 $240,000.00 165,000.00 100,000.00 100,000.00 280,000.00 200,000.00 45,000.00 35,000.00 串26,000.00 85,000.00 17,000.00 串75,000.00 $15,000.00 778,000.00 185,000.00 44,000.00 141,000.00 47,000.00 94,000.00 750,000.00 103,000.00 $46,000.00 串57,000.00 $ 19,000.00 38,000.00 Assets Current Assets Cash Marketable Securities Accounts receivable Merchandise inventory Total current assets Fixed Assets Store Equipment, net Office Equipment, et Building, net Land Total fixed assets Total assets Liabilities Current Liabilities Accounts payable Short term Liabilities Taxes payable Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholder's Equity Common Stock, $5 par value 475,000.00 Retained earnings Total stockholder's equity Total 2011 79,000.00 65,000.00 串120,000.00 250,000.00 串514,000.00 2010 $42,000.00 96,000.00 100,000.00 265,000.00 503,000.00 350,000.00 400,000.00 45,000.00 625,000.00 100,000.00 $1.170.000.00 $1,684,000.00 $ 50,000.00 $ 675,000.00 $100,000.00 S1.175.000.00 1,678,000.00 164,000.00 75,000.00 $26,000.00 $265,000.00 $190,000.00 90,000.00 $ 12,000.00 $ 292,000.00 400,000.00 665,000.00 420,000.00 712,000.00 $544,000.00 $1,019,000.00 $1,684,000.00 $ 475,000.00 491,000.00 $966,000.00 1,678,000.00