The comparative statements of Lucille Company are presented here.

All sales were on account. Net cash provided by operating activities for 2012 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000.InstructionsCompute the following ratios for 2012.(a) Earnings per share.(b) Return on common stockholders' equity.(c) Return on assets.(d) Current ratio.(e) Receivables turnover.(f ) Average collection period.(g) Inventory turnover.(h) Days in inventory.(i) Times interest earned.(j) Asset turnover.(k) Debt to total assets.(l) Current cash debt coverage.(m) Cash debt coverage.(n) Free cash flow.

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LUCILLE COMPANY Income Statements For the Years Ended December 31 2012 2011 Net sales $1,750,500 $1,890,540 Cost of goods sold 1,058,540 1,006,000 Gross profit Selling and administrative expenses 832,000 500,000 744,500 479,000 Income from operations Other expenses and losses Interest expense 332,000 265,500 22,000 20,000 Income before income taxes Income tax expense 310,000 245,500 73,000 92,000 $ 218,000 $ 172,500 Net income LUCILLE COMPANY Balance Sheets December 31 2011 Assets 2012 Current assets $ 60,100 $ 64,200 50,000 Cash Short-term investments 74,000 117,800 126,000 Accounts receivable 102,800 Inventory 115,500 Total current assets 377,900 649,000 $1,026,900 332,500 Plant assets (net) 520,300 Total assets $852,800 Liabilities and Stockholders' Equity Current liabilities $ 160,000 Accounts payable Income taxes payable $145,400 42,000 43,500 Total current liabilities 203,500 187,400 Bonds payable 220,000 200,000 Total liabilities 387,400 423,500 Stockholders' equity Common stock ($5 par) Retained earnings 290,000 313,400 300,000 165,400 Total stockholders' equity 603,400 465,400 Total liabilities and stockholders' equity $1,026,900 $852,800