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Problem 15 we new manager of the Duke Snider Motel. In orcter to better understand the dinancial situation, you decide to examine the financial statements

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Problem 15 we new manager of the Duke Snider Motel. In orcter to better understand the dinancial situation, you decide to examine the financial statements for the year just Duke Snider Motel IX=r Required: Calculate the following ratios: 1. Current ratio. 2. Acid-test ratio. 3. Debt-equity ratio. 4. Number of times interest earned ratio. 5. Operating efficiency ratio. 6. Profit margin. 7. Return on owners' equity (assume that the only change in owners' equity during 20x4 is the net income of $65,100 ). 8. Return on total assets (assume that total assets were $640,000 on January 1 , 20x4)

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