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The condensed financial statements of Jenner Corporation for 2011 are presented below. Malli Burton Balance Sheet December 31, 2014 Malli Burton Income Statement For the

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The condensed financial statements of Jenner Corporation for 2011 are presented below. Malli Burton Balance Sheet December 31, 2014 Malli Burton Income Statement For the Year Ended December 31, 2014 $500.000 255,000 170,000 Assets Revenues Expenses Current assets Cash and short-term Cost of goods sold Selling and administrative investments Accounts receivable Inventories S 15,000 17,500 67,500 182,500 expenses Interest expense Total current assets Total expenses Property, plant, and 62,500 Income before income taxes equipment (net) Income tax expense $37.500 Total assets $250,000 Net income Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity 25,000 95,000 130,000 $250,000 Total liabilities and stockholders' equity Additional data as of December 31, 2013: Inventory $31,000; Total assets $210,000; Stockholders' equity- $140,000. Instructions: Compute the following ratios for 2014 showing supporting calculations. (a) Current ratio= (b) Debt to total assets ratio- (c) Times interest earned (d) Inventory turnover (e) Profit margin (f) Return on stockholders' equity (g) Return on assets

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