table 2.3 shows financial statements for the nano networks inc. the closing stock price for Nano networks was $56.67 (split adjusted) on December 31, 2009. On the basis of the financial data presented, compute the various financial ratios and make an informed analysis of Nano's financial health. Note that the balance sheet and income statement entries in this problem are not complete. Only the relevant entries are listed. Do not attempt to add individual entries to confirm either current assets or current liabilities.

a) Dept Ratio

b) Times-interest-earned ratio

c) Current ratio

1OW TIOIII lie prUjeel during the first year Table P2.3 shows financial statements for Nano Networks Inc. The closing stock price for Nano Networks was $56.67 (split adjusted) on December 31, 2009. On the basis of the financial data presented, compute the various financial ratios and make an informed analysis of Nano's financial health. Note that the balance sheet and the income statement entries in this problem are not complete. Only relevant entries are listed. Do not attempt to add individual entries to confirm either current assets or current liabilities. (a) Debt ratio (b) Times-interest-earned ratio (c) Current ratio 2.3 TABLE P2.3 Balance Sheet for Nano Networks Inc. Dec. 2008 Dec. 2009 U.S. $ (000) U.S. $ (000) (Year) (Year) Balance Sheet Summary Cash Securities Receivables Allowances Inventory Current assets Property and equipment, net Depreciation Total assets Current liabilities Bonds Preferred stock Common stock Total stockholders' equity Total liabilities and equity Income Statement Summary 20,098 158,043 285,116 24,582 632 377,833 20,588 8,172 513,378 55,663 8,056 0 0 28,834 10,569 2,867 36,671 14,402 0 457,713 513,378 17,064 36,671 3,807 4,416 31,661 1,301 Total revenues Cost of sales Other expenses Interest income Income pre-tax Income tax Income continuing Net income EPS primary EPS diluted 102,606 45,272 71,954 8,011 -6,609 2,425 -9,034 -9,034 $0.1 -$0.10 -$0.05 (split adjusted) 2 30,971 30,971 $0.80 -$0.80 $0.40 (split adjusted)