The condensed financial statements of Eau Fraiche Company for the years 2010 and 2011 are presented below.

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The condensed financial statements of Eau Fraiche Company for the years 2010 and 2011 are presented below.

The condensed financial statements of Eau Fraiche Company for the years

Compute the following ratios for 2010 and 2011.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/3/09 was ‚¬340.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/09 were ‚¬1,900.)
(e) Return on ordinary shareholders€™ equity, (Equity on 12/31/09 was ‚¬900.)
(f) Debt to total assets ratio.
(g) Times interestearned.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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