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please help The condensed financial statements of Sunland Company for the years 2024 and 2025 are as follows. Question 3 of 3 Long-term liabilities begin{tabular}{lll}
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The condensed financial statements of Sunland Company for the years 2024 and 2025 are as follows. Question 3 of 3 Long-term liabilities \begin{tabular}{lll} Stockholders' equity-common & 1,160 & 1,160 \\ & & \\ Total liabilities and stockholders' equity & $2,640 & $2,510 \\ \hline \end{tabular} Sunland Company Income Statements For the Year Ended December 31 (in thousands) Expenses Costofgoodssold1,0901,010 Selling and administrative expenses 2,4002,330 Interest expense Total expenses Income before income taxes Income tax expense Net income \begin{tabular}{rr} 144 & 64 \\ $216 & $96 \\ \hline \end{tabular} Compute the following ratios for 2025 and 2024. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6% ) a. Currentratio. b. Inventory turnover. (Inventory on December 31,2023 , was $350.) c. Profitmargin. d. Return on assets. (Assets on December 31,2023, were $2,290.) e. Return on common stockholders' equity. (Stockholders' equity - common on December 31, 2023, was $950.) f. Debt to assets ratio. g. Times interest earned. estion 3 of 3 /1 Current ratio Inventory turnover times times Profit margin Return on assets Return on common stockholders' equity % % Debt to assets ratio Times interest earned times % % eTextbook and Media Save for Later: Attempts: 0 of 3 used Submit Step by Step Solution
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