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Moving to the next question prevents changes to this answer Question 14 Selected information from the financial statements of Volman Company for the year ended
Moving to the next question prevents changes to this answer Question 14 Selected information from the financial statements of Volman Company for the year ended December 31, 2003, appears below! 2002 Current assets Total assets 1,200,000 Current liabilities Long-term liabilities 400,000 Net sales Gross profit 600,000 I Net income $ 350,000 140,000 1,500,000 150,000 Instructions Answer the following questions relating to the year ended December 31, 2003. The ending balance for Total Assets for 2002 was $800,000. Show computations 1. The current ratio for 2003 is 2. The debt to total assets ratio for 2003 is 3. The profit margin ratio for 2003 is 4. The return on assets ratio for 2003 is
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