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Compute the following ratios for 2022 and 2021. (Round current ratio and Inventory turnover to 2 decimal places, eg. 1.83 and all other answers
Compute the following ratios for 2022 and 2021. (Round current ratio and Inventory turnover to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6 %) (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/20 was $390.) (c) Profit margin. (d) Return on assets. (Assets on 12/31/20 were $2,690.) (e) Return on common stockholders' equity. (Stockholders' equity-common on 12/31/20 was $970) (f) Debt to assets ratio. (8) Times interest earned. (a) Current ratio (b) Inventory turnover (c) Profit margin 2022 times 2021 :1 times
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