Jeffersonian Corporation has been in business for over 50 years.

Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand operations into the Pacific Rim and would like an analysis of its financial statements to be prepared. Review the financial statements below:Jeffersonian CorporationComparative Income StatementFor years ended December 31, 2011 and 2010201120102,075,000.00 1,222,000.00 853,000.00 Operating Expenses100,000.00 280,000.00 200,000.00 45,000.00 35,000.00 75,000.00 15,000.00 750,000.00 103,000.00 46,000.00 57,000.00 19,000.00 38,000.00 Jeffersonian CorporationComparative Balance SheetFor years ended December 31, 2011 and 201020112010AssetsCurrent Assets42,000.00 96,000.00 100,000.00 265,000.00 503,000.00 Fixed Assets350,000.00 50,000.00 675,000.00 100,000.00 1,175,000.00 1,678,000.00 LiabilitiesCurrent Liabilities190,000.00 90,000.00 12,000.00 292,000.00 Long-term liabilities420,000.00 712,000.00 Stockholder's Equity475,000.00 491,000.00 966,000.00 1,678,000.00 REQUIRED:1. Prepare comparative income statements for year 2011 in comparison to year 2010.2. Prepare common-size comparative balance sheet for years 2011 and 20103. Compute the following ratios for 2011. Profit margin ratio Total asset turnoverReturn on total assets Earnings per share Price earnings ratioDividend yieldTimes interest earned