The Printing Company is listed on the New York Stock Exchange. The market value of its common stock was quoted at $10 per share at December 31, 2007 and 2006. Printing’s balance sheet at December 31, 2007 and 2006, and statement of income and retained earnings for the years then ended are as follows:RequiredBased on the preceding information, compute (for the year 2007 only) the following:1. Current (working capital) ratio2. Quick (acid-test) ratio3. Number of days’ sales in average receivables, assuming a business year consists of 300 days and all sales are on account4. Inventory turnover5. Book value per share of common stock6. Earnings per share on common stock7. Price/earnings ratio on common stock8. Dividend yield ratio on commonstock
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The Printing Company is listed on the New York Stock



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