Blue owns Blue's Bistro. He thinks he has performed well in 2011 and he is trying to analyze the Bistro’s performance for the year, but he needs your help!

Following are Blue’s condensed income statement, and statement of retained earnings and investor information for 2010 and 2011.

BLUE’S BISTRO Condensed Income Statement and Statement of Retained Earnings and Investor Information For the Periods Ending December 31, 2010 and 2011 2010 2011 Income Statement Sales 552,500 742,205 Cost of Sales 227,075 259,800 Gross Profit 325,425 482,405 Operating Expenses (excluding depreciation) 160,225 280,275 Depreciation 60,000 59,000 Operating Income (EBIT) 105,200 143,130 Interest 34,000 15,863 Income Before Income Taxes 71,200 27-267 Income Taxes (40%) 28,480 50,907 Net Income 42,720 76,360 Statement of Retained Earnings and Investor Information Retained Earnings Retained Earnings, Beginning | 154,480 177,200 Net Income 42,720 76,360 Subtotal 197,200 253,560 Cash Dividends Paid 20,000 50,000 Retained Earnings, Ending 177,200 203,560 Investor Information Market Price per Share $10.00 $65.00 Earnings per Share $ 1.42 $ 6.07 Following are the 2010 and 2011 balance sheets for Blue’s Bistro.
eee BLUE’S BISTRO Balance Sheets December 31, 2010 and 2011 2010 2011 Assets Current Assets Cash 42,000 30,000 Marketable Securities 93,000 80,000 Net Receivables 138,000 152,000 Inventories 5,000 6,000 Total Current Assets 278,000 268,000 Property and Equipment 1,200,000 1,091,760 Less Accumulated Depreciation 200,000 141,000 Net Property and Equipment 1,000,000 950,760 Total Assets 1,278,000 1,218,760 Liabilities and Owners’ Equity Current Liabilities Accounts Payable 107,000 45,000 Notes Payable 15,000 59,000 Accrued Wages 38,000 23,000 Total Current Liabilities 160,000 127,000 Long-Term Liabilities Long-Term Debt 340,800 138,200 Total Liabilities 500,800 265,200 Owners’ Equity Capital Stock 600,000 750,000 Retained Earnings _ 177,200 _20 3,560 Total Owners’ Equity E200) _9 53,560 Total Liabilities and Owners’ Equity 1,278,000 1,218,760 TEe eeS Using Blue's Bistro income statements and balance sheets, analyze the health of Blue’s Bistro by calculating the following ratios. Round to the hundredth’s place (i.e., 12.34% or 12.34 times).

Blue’s Bistro 2010 Blue’s Bistro 2011 Current Ratio Quick Ratio Inventory Turnover (Assume inventories were $6,000 for 2009)
Property and Equipment Turnover Times Interest Earned Debt to Assets Profit Margin Return on Equity Price per Earnings Ratio a