13 10 BRAMBLE SPA Statements of Financial Position December 31 2017 2016 Intangibles and other assets 501 C524 Property, plant, and equipment 389 426 Investments Current assets Prepaid expenses 135 106 Inventory 371 455 Accounts receivable (net) 402 480 Cash and cash equivalents 344_1,252_365_1,406 Total assets 2,155 2,366 Equity 987 1,164 Non-current liabilities 400 387 Current liabilities 768 815 Total equity and liabilities 2,155 2,366 BRAMBLE SpA Income Statements For the Years Ended December 31 2017 2016 Sales revenue 3,774 3,626 Costs and expenses Cost of goods sold 971 916 Selling and administrative expenses 2,341 2,385 Interest expense 22 24 Total costs and expenses 3,334 3.325 Income before income taxes 440 301 Income tax expense 244 147 Net income 196 154 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal plax or 1.6%.) (a) Current. (b) Inventory turnover. (Inventory on 12/31/15 was C339.) (c) Profit margin. (d) Return on assets. (Assets on 12/31/15 were 1,977.) (e) Return on ordinary shareholders' equity. (Equity on 12/31/15 was C912.) (1) Debt to assets ratio. (9) Times interest earned. 2017 2016 times times Current ratio Inventory turnover Profit margin Return on assets Return on ordinary shareholders' equity Debt to assets ratio Times interest earned times times By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by y