The following Financial data are adapted from the annual reports of Lampeer Corporation Lampeer Corporation Four year selected financial data Years ended January 31, 2008, 2007, 2006, and 2005 Operating results 1008 2007 2006 2005 Net sales $13,848 $13,673 $11,635 $9,054 Cogs & occupancy excluding depreciation 9,704 8,599 6,775 Interest expense 109 75 45 Income from operations 338 1,445 1,817 Net earnings (net loss) (8) 877 Cash dividends 75 77 FINANCIAL POSITION Merchandise inventory 1,904 1,056 Total assets 7,591 7,012 3,963 Current ratio 1.48:1 95:1 1.20:1 Stockholder's equity 3,010 2,928 2,630 1,574 860 879 895 Average common shares outstanding 576 Required: Compute the following ratios for 1006 through 2008; and evaluate lampeer's operating results. Are operating results strong or weak? Did they improve or deteriorate during the 3-year period? Your analysis will reveal a clear trend 1) Gross profit percentage 2) net income as a percentage of sales 3) Earnings per share 5) inventory turnover 4) Times interest is earned 6) rate of return on stockholders' equity 76 1,677 1,127 76 1,462 5,189 1.25:1 5,318 46 1,333 824