The following information for Great Oaks Furniture, a retail furniture and design firm, relates to Exercises 6 through 11.

Calculate earnings per share, the price-eam- m'ssm jngS ratio, the gross margin percentage, return on total assets and return on common stockholders’ equity for 2008 and 2009. There were 100,000 shares of common stock outstanding at the end of both 2008 and 2009. The price per share was \($102\) at the end of 2008 and \($124\) at the end of 2009. Can you identify any significant findings or trends when comparing the ratios between years? What other information would be necessary in order to make a complete assessment of Great Oaks’ performance?

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Great Oaks Furniture Balance Sheets December 31, December 31, 2009 2008 Assets Current assets: Cash Accounts receivable Inventory Prepaid expenses $ 35,684 $ 45,850 523,489 4,675,540 410,378 4,457,540 80,147 79,585 Total current assets 5,314,860 4,993,353 Building and equipment, net 1,013,021 1,012,256 Total assets $6,327,881 $6,005,609