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The condensed financial statements of Sandhill Co. for the years 2021 and 2022 are presented below. Compute the following ratios for 2022 and 2021. (Round
The condensed financial statements of Sandhill Co. for the years 2021 and 2022 are presented below. Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6\%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was \$450.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020, were $2,360.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $920.) (f) Debt to assets ratio. (g) Times interest earned. 2022 2021 Inventory turnover. Profit margin. % % Return on assets. \% % Return on common stockholders' equity. % % Debt to assets ratio. % % Times interest earned. times times
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