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Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below: 2015 2014 Accounts receivable $48,000 $37,000 Inventory 24,000 39,000 Net sales

Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below:

2015 2014
Accounts receivable $48,000 $37,000
Inventory 24,000 39,000
Net sales 193,000 196,000
Cost of goods sold 125,000 111,000
Total assets 435,000 413,000
Total stockholders' equity 244,000 235,000
Net income 38,500 34,000

Stealth Company's 2015 inventory turnover is: (Round your answer to 2 decimal places):

6.13 times
5.21 times
8.10 times

3.97 times

Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below:

2015 2014
Accounts receivable $47,000 $42,000
Inventory 37,000 41,000
Net sales 191,000 189,000
Cost of goods sold 120,000 120,000
Total assets 433,000 417,000
Total stockholders' equity 248,000 235,000
Net income 35,000 37,000

Stealth Company's 2015 profit margin is: (Round your answer to 1 decimal place):

21.0%.
18.3%.
8.1%.

14.1%.

Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:

2015 2014
Accounts receivable $84,000 $80,000
Inventory 90,000 79,000
Net sales 420,000 376,000
Cost of goods sold 263,000 223,000
Total assets 820,000 755,000
Total stockholders' equity 510,000 455,000
Net income 74,000 51,000

TPX Company's 2015 return on equity is (Round your answer to 1 decimal place):

15.3%.
3.1%.
14.5%.

1.5%.

Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.

Current liabilities $183 Income before interest and taxes $133
10% Bonds, long-term

363

Interest expense

48

Total liabilities

546

Income before tax 85
Shareholders' equity Income tax

36

Capital stock 216 Net income

$ 49

Retained earnings

293

Total shareholders' equity

509

Total liabilities and equity

$1,055

HHF's times interest earned ratio is (Round your answer to 2 decimal places):

1.77 times
1.02 times
2.77 times

7.56 times

Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:

2015 2014
Accounts receivable $89,000 $75,000
Inventory 88,000 78,000
Net sales 470,000 384,000
Cost of goods sold 257,000 217,000
Total assets 820,000 760,000
Total stockholders' equity 510,000 415,000
Net income 78,000 59,000

TPX Company's 2015 return on assets is (Round your answer to 1 decimal place):

1.5%.
9.5%.
.3%.

9.9%.

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