The comparative statements of Jetson Company are shown below.

All sales were on account. Net cash provided by operating activities was $108,000. Capital expenditures were $47,000, and cash dividends were $30,900.
Instructions Compute the following ratios for 2012.

(a) Earnings per share. (h) Days in inventory.

(b) Return on common stockholders’ equity. (i) Times interest earned.

(c) Return on assets. (j) Asset turnover.

(d) Current. (k) Debt to total assets.

(e) Receivables turnover. (l) Current cash debt coverage.
(f ) Average collection period. (m) Cash debt coverage.
(g) Inventory turnover. (n) Free cash flow.

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JETSON COMPANY Income Statements For the Years Ended December 31 2012 2011 Net sales $780,000 $624,000 Cost of goods sold 440,000 405,600 Gross profit 340,000 218,400 Selling and administrative expense 176,880 149,760 Income from operations 163,120 68,640 Other expenses and losses Interest expense 9,920 7,200 Income before income taxes 153,200 61,440 Income tax expense 38,000 14,000 Net income $115,200 $ 47,440