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Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets December 31 (in
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets December 31 (in thousands) 017 2016 $330 . Current assets hand cashewivalents Accounts receivable (net) Inventory 10 Total current assets Property, plant, and equipment (net) 1.390 410 1,300 30 Intang bles and others asets 530 510 12.340 32,210 $820 5790 Long term Stockholders equity common Total abilities and 1.040 1,040 requity 12.10 $2,210 Income Statements For the Year Ended December 31 (in thousands) 2017 2016 $3,000 $,460 Cost of goods sold Selling & administrative expen Inbart expen Total costs and expenses Income before income taxes Income tax expense Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%) (a) Current ratio. () Inventory turnover. (Inventory on December 31, 2015, was $340.) - Profit margin. Return on assets. (Assets on December 31, 2015, were $1,900.) (4) Return on common stockholders' equity. (Equity on December 31, 2015, was $900.) Debt to assets ratio. e Times interest earned. 2017 Current Inventory turnover Pronari Return on con holders uity. Debt tot Timers med Question Attempts
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