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The condensed financial statements of Ivanhoe Company for the years 2 0 2 6 and 2 0 2 7 are presented as follows. ( Amounts
The condensed financial statements of Ivanhoe Company for the years and are presented as follows. Amounts in thousands.
IVANHOE COMPANY
Balance Sheets
December
Current assets
Cash and cash equivalents: $
Accounts receivable net:
Inventory:
Prepaid expenses:
Total current assets:
Investments:
Property, plant, and equipment net:
Intangibles and other assets:
Total assets: $
Current liabilities: $
Longterm liabilities:
Stockholders' equitycommon:
Total liabilities and stockholders' equity: $
IVANHOE COMPANY
Balance Sheets
December
Current assets
Cash and cash equivalents: $
Accounts receivable net:
Inventory:
Prepaid expenses:
Total current assets:
Investments:
Property, plant, and equipment net:
Intangibles and other assets:
Total assets: $
Current liabilities: $
Longterm liabilities:
Stockholders' equitycommon:
Total liabilities and stockholders' equity: $
IVANHOE COMPANY
Income Statements
For the Years Ended December
Net sales: $
Expenses
Cost of goods sold:
Selling and administrative expenses:
Interest expense:
Total expenses:
Income before income taxes:
Income tax expense:
Net income: $
IVANHOE COMPANY
Income Statements
For the Years Ended December
Net sales:
Expenses
Cost of goods sold:
Selling and administrative expenses:
Interest expense:
Total expenses:
Income before income taxes:
Income tax expense:
Net income: $
Compute the following ratios for and Round current ratio and inventory turnover to decimal places, eg and all other answers to decimal place, eg or
a Current ratio.
b Inventory turnover. Inventory on was $
c Profit margin.
d Return on assets. Assets on were $
e Return on common stockholders' equity. Stockholders equitycommon on was $
f Debt to assets ratio.
g Times interest earned.
Current ratio: :
Inventory turnover: times
Profit margin:
Return on assets:
Return on common stockholders' equity:
Debt to assets ratio:
Times interest earned: times
Current ratio: :
Inventory turnover: times
Profit margin:
Return on assets:
Return on common stockholders' equity:
Debt to assets ratio:
Times interest earned: times
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