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need help with incorrect answer Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not
need help with incorrect answer
Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1 . Instead, use the number presented on the Year 1 balance sheet a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $5.97 and $4.93, respectively). (flound your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock. (Round your answers to 2 decimal places) 9. Times interest earned. (Round your answers to 2 decimal places.) h. Working capital, 1. Current ratio. (Round your answers to 2 decimal places.) 1. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnower. (Round your answers to 2 decimal places.) 1. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt-to-equity ratio. (Round your answers to 2 decimal ploces.) n. Debt-to-assets ratio, (Round your answers to the nearest whole percent.) 1. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts recoivable turnover. (Round your answers to 2 decimal places.) 1. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt-to-equity ratio. (Round your answers to 2 decimal places.) n. Debt-to-assets ratio. (Round your answers to the nearest whole percent.) Step by Step Solution
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