The King Mattress Company had the following operating results for 2009-2010.In addition,the company paid dividends in both 2009 and 2010 of $60,000 per year and made capital expenditures in both years of $30,000 per year.The company's stock price in 2009 was $8 and $7 in 2010.The industry average earnings multiple for the mattress industry was 9 in 2010 and the free cash flow and sales multiples were 18 and 1.5,respectively.The company is publicly owned and has 1,200,000 shares of outstanding stock at the end of 2010. 
The current ratio for 2010 is:
Definitions:
Gross Profit
The disparity between sales income and the expense of goods sold, prior to considering additional expenditures.
Gross Profit
The financial gain obtained after deducting the cost of goods sold from total sales revenue.
Intra-entity Inventory
Inventory transactions occurring between divisions or subsidiaries within the same parent company, which may need elimination during consolidation.
Goodwill
The excess of the purchase price of a business over the fair market value of its identifiable assets and liabilities, recognized as an intangible asset on the balance sheet.
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