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Crane's 2020 income statement included net sales of 104,000, cost of goods sold of 62,764, and net income of 14,560. Compute the following ratios
Crane's 2020 income statement included net sales of 104,000, cost of goods sold of 62,764, and net income of 14,560. Compute the following ratios for 2020. (Round profit margin to 0 decimal places, e.g. 16 or 16%. Round all other answers to 2 decimal places, e.g. 1.67.) a. b. d. C. Accounts receivable turnover e. f. 8. h. Current ratio i. Acid-test ratio Inventory turnover Profit margin Asset turnover Return on assets Return on ordinary shareholders' equity Debt to assets ratio :1 :1 times times % times de % de Land Buildings Accumulated depreciation-buildings Inventory Accounts receivable Cash Crane NV Statements of Financial Position December 31 Total assets Share capital-ordinary Retained earnings Accounts payable Total equity and liabilities: 2020 20,800 72,800 (15,600) 10,400 22,880 4,472 115,752 74,880 25,272 15,600 115,752 2019 26,000 70,000 (10,000) 7,000 24,000 3,700 120,700 69,000 20,600 31,100 120,700 Crane's 2020 income statement included net sales of 104,000, cost of goods sold of 62,764, and net income of 14,560.
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