(a) by liquidity.

(b) by importance.

(c) by longevity.

(d) alphabetically. Which is an indicator of profitability?

(a) Current ratio.

(b) Earnings per share.

(c) Debt to total assets ratio.

(d) Free cash flow. For 2007 Stoneland Corporation re- ported net income $24,000; net sales $400,000; and average shares outstanding 6,000. There were no preferred stock dividends. What was the 2007 earnings per share?

(a) $4.00

(c) $16.67

(b) $0.06

(d) $66.67 5. The balance in retained earnings is not affected by: