The comparative statements of the Marti Rosen Company are presented below:

On July 1, 1996, 1,000 shares were repurchased and canceled. All sales were on account. Net cash provided by operating activities was \(\$ 36,000\).
\section*{Instructions}
Compute the following ratios for 1996:

(a) Earnings per share (h) Times interest earned

(b) Return on common stockholders' equity (i) Asset turnover

(c) Return on assets (j) Debt to total assets

(d) Current (k) Current cash debt coverage

(e) Acid-test \(\square\)
(l) Cash return on sales

(f) Receivables turnover (m) Cash debt coverage (g) Inventory turnover

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MARTI ROSEN COMPANY Income Statement For the Year Ended December 31 1996 1995 Net sales $660,000 $624,000 Cost of goods sold 440,000 405,600 Gross profit 220,000 218,400 Selling and administrative expense 143,880 149,760 Income from operations 76,120 68,640 Other expenses and losses Interest expense 7,920 7,200 Income before income taxes Income tax expense Net income 68,200 61,440 25,300 24,000 $ 42,900 $ 37,440