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Please help!! The condensed financial statements of Ivanhoe Company for the years 2024 and 2025 are as follows. Total assets Current liabilities Long-term liabilities begin{tabular}{rr}
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The condensed financial statements of Ivanhoe Company for the years 2024 and 2025 are as follows. Total assets Current liabilities Long-term liabilities \begin{tabular}{rr} $2,800 & $2,670 \\ \hline$980 & $950 \\ 620 & 520 \end{tabular} Stockholders' equity-common Total liabilities and stockholders' equity $2,800$2,670 Ivanhoe Company Income Statements For the Year Ended December 31 (in thousands) Net sales $3.9402025$3,6002024 Expenses Cost of goods sold 1,1301,050 Selling and administrative expenses 2,4002,330 Interest expense 10+20 Compute the following ratios for 2025 and 2024. (Round current ratio and imventory turnover to 2 decimal ploces, es 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6% ) a. Current ratio. b. Inventork urnover. (Inventory on December 31,2023 , was $370.) c. Profitmargin. d. Return on assets. (Assets on December 31, 2023, were $1,980.) e. Return on common stockholders' equity. (Stockholders' equity-common on December 31,2023 , was $970.) f. Debt to assets ratio. g. Times interest earned. Current ratio Inventory turnover Profit margin \begin{tabular}{|l|rrr} \hline 1.88 & times & & \\ \hline 6.1 & % & & \\ \hline \end{tabular} Return on common stockholders' equity 20% Debt to assets ratio 57% Times interest earned Step by Step Solution
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