Freedom Corporation reported these figures:

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