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The condensed financial statements of Sunland Company for the years 2016 and 2017 are presented below SUNLAND COMPANY Balance Sheets 2017 2016 Current assets $330
The condensed financial statements of Sunland Company for the years 2016 and 2017 are presented below SUNLAND COMPANY Balance Sheets 2017 2016 Current assets $330 $360 590 520 520 450 130 160 1,570 1,490 410 380 130 130 530 510 $2,640 2,510 $940 $910 540 440 1,160 1,160 otal lbiities and stockholders' eqity $2,640 $2.510 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common SUNLAND COMPANY For the Year Ended December 31 (in 2017 2016 $3,860 $3.520 Sales revenue Costs and expenses 1,090 1,010 Selling & administrative expenses 2,400 2,330 20 3,500 3,360 360 160 64 S 216 $96 Cost of goods sold Interest expense 10 Total costs and expenses Income before income taxes Income tax expense Net income 144 Compute the following ratios for 2017 and 2016 . (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, 2015, was $350.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,290.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $950.) (f) Debt to assets ratio. (g) Times interest earned 2017 2016 Current ratio. 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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