10. Larry's Locomotives Company's comparative financial statements for the years ending December 31, 20x7 and 20x6 are as follows. The market price of Larry's Locomotives common stock was $25 on December 31, 20x7 and $30 on December 31, 20x6. More instructions after the financial documents. (18 points) Larry's Locomotives Company Comparative Income Statement For the Years Ended December 31, 20x7 and 20x6 Sales Cost of Goods Sold Gross Profit Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenue and Expenses Other Revenue 20x7 $5,000,000 (3,400,000) $1,600,000 (650,000) (325,000) (975,000) $625,000 25.000 4 20x6 $3,200,000 (2,080,000) $1,120,000 (464,000) Page 11 of 18 (224,000) (688,000) $432,000 10.300

10. Larry's Locomotives Company's comparative financial statements for the years ending December 31,207 and 206 are as follows. The market price of Larry's Locomotives common stock was $25 on December 31, 20x7 and $30 on December 31,206. More instructions after the financial documents. (18 points) Page 12 of 18 10. Using the information above, determine the following measures for 207. Round percentages and ratios other than eaming per share to one decimal place. Add as many lines as you need to show your formulas and work. Working Capital Current Ratio Quick Ratio Average Accounts Receivable Average Inventory Inventory Turnover Debt-to-Equity Ratio Profit Margin Times Interest Earned Average Total Assets (not including long-term investments) Total Asset Turnover Average Total Assets (including long-term investments) Return on Total Assets Average Stockholder's Equity Return on Equity Earnings per Share on Common Stock Price Earnings Ratio