Calculate the ratios for the following problem:

Eagle Company
Comparative Income Statements (000's omitted)
For the Years Ended December 31, 20x8 and 20x7
	20x8	20x7
Net Sales	$ 820	$ 550
Cost of Goods Sold	374	278
Gross Profit	446	272
Operating Expenses	120	112
Operating Income	326	160
Interest Expense	34	16
Income Before Income Taxes	292	144
Income Taxes	37	30
Net Income	$ 255	$ 114
Earnings Per Share	$ 10.20	$ 4.56
Eagle Company
Comparative Balance Sheets (000's omitted)
December 31, 20x8 and 20x7
Assets:	12/31/20x8	12/31/20x7
Current Assets	$ 134	$ 130
Property, Plant, and Equipment (net)	840	510
Total Assets	$ 974	$ 640	600
Liabilities and Stockholders' Equity:
Current Liabilities	67	64
Long-Term Liabilities	260	85
Total Liabilities	327	149
Stockholders' Equity	647	491	500
Total Liabilities and Stockholders' Equity	$ 974	$ 640
Common Stock:	20x8	20x7
Market Price Per Share at 12/31	$ 64.00	$ 28.40
Cash Dividends Per Share	$ 4.00	$ 5.25

Problem 12-8 - Ratios Summary

20x8

20x7

Debit Ratio: _____ (20x8) and ______ (20x7)