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The condensed financial statements of Sunland Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) Current liabilities Long-term liabilities Stockholders'
The condensed financial statements of Sunland Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity SUNLAND COMPANY Income Statements For the Year Ended December 31 Costs and expenses Cost of goods sold 975910 Selling \& administ Interest expense Total costs and expenses 3,400253,26020 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory furnover to 2 decimal places, es. 1.83 and all other answers to 1 decimal place, es. 1.8 or 12.6 J (a) Currentratio. (b) Inventory turnover, (inventory on 12/31/20 was $420 ) (c) Profitmargin (d) Return on assets (Assets on 12/31/20 were $2.800 ) (e) Return on common stockholders' equity, (Stockholders' equity on 12/31/20 was $910. ) (f) Debt toassets ratio. (B) Timesinterestearned. (f) Debt to assets ratio. (g) Timesinterestearned. The condensed financial statements of Sunland Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity SUNLAND COMPANY Income Statements For the Year Ended December 31 Costs and expenses Cost of goods sold 975910 Selling \& administ Interest expense Total costs and expenses 3,400253,26020 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory furnover to 2 decimal places, es. 1.83 and all other answers to 1 decimal place, es. 1.8 or 12.6 J (a) Currentratio. (b) Inventory turnover, (inventory on 12/31/20 was $420 ) (c) Profitmargin (d) Return on assets (Assets on 12/31/20 were $2.800 ) (e) Return on common stockholders' equity, (Stockholders' equity on 12/31/20 was $910. ) (f) Debt toassets ratio. (B) Timesinterestearned. (f) Debt to assets ratio. (g) Timesinterestearned
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