STOCKHOLDER RATIOS Use Apparel’s financial statements in Exercise 12-65 and the information below to respond to the following requirements.

Year Ended December 31, Item 2009 2008 Average number of common shares outstanding (thousands) 362,202 364,398 Preferred dividends (thousands) $ 24,000 $ 24,000 Dividends per common share $ 0.36 $ 1.54 Dividends (thousands) 130,861.00 561,172.30 Common stock repurchases 0 0 Market price per share:

High $ 83.25 $ 79.10 Low 63.25 59.00 Close 78.42 66.36 At January 1, 2008, total stockholders’ equity was $2,083,122 and there was no preferred stock.

Required:
. Compute the four stockholder ratios for 2008 and 2009.
. Indicate whether there were significant changes in these ratios between the years ended December 31, 2009, and December 31, 2008. Determine whether the stockholder ratios suggest that Apparel was a better investment at December 31, 2009, or December 31, 2008.
Exercise