Comparative financial-statement data oi Weinstein, Inc., follow.

Other Information:

1. Market price of Weinstein's common stock: \($49\) at December 31, 2009, and \($32.50\) at December 31, 2008.

2. Common shares outstanding: 10,000 during 2009 and 9,000 during 2008.

3. All sales on credit.

Requirements 

1. Compute the following ratios for 2009 and 2008:

a. Current ratio

b. Times-interest-earned ratio 

c. Inventory turnover 

d. Return on common stockholders' equity 

e. Earnings per share of common stock 

f. Price/earnings ratio

2. Decide (a I whether We instein's ability to pay debts and to sell inventory improved or deteriorated during 2009 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased.

WEINSTEIN, INC. Comparative Income Statement Years Ended December 31, 2009 and 2008 Net sales Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income 2009 2008 $462,000 $427,000 240,000 218.000 222,000 209,000 136,000 134,000 86,000 75,000 11,000 12,000 75,000 63,000 25,000 $ 50,000 27,000 $ 36,000