Freedom Corporation reported these figures:

Freedom Corporation Balance Sheets December 31, 2017 and 2016					Freedom Corporation Income Statement For the Year Ended December 31, 2017
(amounts in thousands)					(amounts in thousands)
	2017	2016					2017
Assets				Sales revenues			$15,330
Current assets:				Less: Cost of goods sold			5,120
Cash	$3,720	$2,600		Gross profit			$10,210
Accounts receivable	3,000	2,460		Less: Operating expenses			3,010
Inventory	1,900	1,300		Operating income			$7,200
Other current assets	2,300	1,990		Less: Interest expense			300
Total current assets	10,920	8,350		Income before income taxes			$6,900
Other assets	20,000	18,000		Less: Income tax expense			4,550
Total assets	$30,920	$26,350		Net income			$2,350
Liabilities
Total current liabilities	12,000	10,500
Long-term liabilities	7,920	8,050
Total liabilities	19,920	18,550
Stockholders' equity
Total common stockholders' equity	11,000	7,800
Total liabilities and equity	$30,920	$26,350

Freedom Corporation has 2,500,000 shares of common stock outstanding. Its stock has traded recently at $32.90 per share. You would like to gain a better understanding of Freedom Corporations financial position. Assume all sales are on credit. Calculate the following ratios for 2017 and interpret the results:

1. Inventory turnover

2. Days sales in receivables

3. Acid-test ratio

4. Times-interest-earned

5. Gross profit percentage

6. Operating income percentage

7. Return on stockholders equity

8. Earnings per share

9. Price/earnings ratio