7. Describe the closing entry, if any, for Prepaid Expenses 8. What is the company's earnings per share (basic only) for the three years reported? EPS: Year Ended: January 31, 2012 January 31, 2011 January 31, 2010 9. Compute the company's total asset turnover ratio for thethree years reported. (Dollars in thousands.) Fiscal Year Sales Average Total Total Asset Ended Revenue Assets 1/31/2012 1/31/2011 1/31/2010 7. Describe the closing entry, if any, for Prepaid Expenses 8. What is the company's earnings per share (basic only) for the three years reported? EPS: Year Ended: January 31, 2012 January 31, 2011 January 31, 2010 9. Compute the company's total asset turnover ratio for thethree years reported. (Dollars in thousands.) Fiscal Year Sales Average Total Total Asset Ended Revenue Assets 1/31/2012 1/31/2011 1/31/2010