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Hi I am in Accounting 3010. i need some help computing ratios. Can i get some help please. Thank you. Do It! Review 13-3 The

Hi I am in Accounting 3010. i need some help computing ratios. Can i get some help please. Thank you.

image text in transcribed Do It! Review 13-3 The condensed financial statements of Sandhill Co. for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) SANDHILL CO. Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 500 430 Inventory 660 590 Prepaid expenses 120 160 1,610 1,540 40 40 Property, plant, and equipment (net) 420 380 Intangibles and other assets 530 510 $2,600 $2,470 $930 $820 610 580 1,060 1,070 $2,600 $2,470 Total current assets Investments Total assets Current liabilities Long-term liabilities Stockholders' equitycommon Total liabilities and stockholders' equity SANDHILL CO. Income Statements For the Year Ended December 31 2017 Sales revenue 2016 $4,000 $3,660 985 920 2,400 2,330 25 20 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses 3,410 3,270 Income before income taxes 590 390 Income tax expense 177 117 $ 413 $ 273 Net income 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. (b) Inventory turnover. (Inventory on 12/31/15, was $440.) (c) Profit margin. (d) Return on assets. (Assets on 12/31/15, were $2,670.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $990.) (f) Debt to assets ratio. (g) Times interest earned. 2017 Current ratio. 2016 :1 :1 Profit margin. % % Return on assets. % % Return on common stockholders' equity. % % Debt to assets ratio. % % Times interest earned. times times Inventory turnover. Click if you would like to Show Work for this question: Open Show Work

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