Your answer is incorrect. Try again. Tamarisk NV's comparative statements of financial position are presented below TAMARISK NV Statements of Financial Position December 31 2017 Land 20,360 Buildings 70,340 Accumulated depreciation-buildings (14,550) Inventory 10,100 Accounts receivable 22,110 Cash 4,550 Total 112,910 Share capital-ordinary 75,320 Retained earnings 25,770 Accounts payable 11,820 Total 112,910 2016 25,860 70,340 (10,850) 7,360 23,430 3,630 119,770 70,380 17,860 119,770 Tamarisk's 2017 income statement included net sales of 117,510, cost of goods sold of Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.. (a) Current ratio (b) Acid-test ratio 2.96 :1 2.131 (c) Accounts receivable turnover 4.75 times (d) Inventory turnover (e) Profit margin 0) Asset turnover otal are capital-ordinary zained earnings _counts payable Total 75,320 25,770 11,820 112,910 70,380 17,860 31,530 119,770 Camarisk's 2017 income statement included net sales of 117,510, cost of Compute the following ratios for 2017. (Round all answers to 2 decimal 2.96 (a) Current ratio 2.13 | (b) Acid-test ratio (c) Accounts receivable turnover 4.75 time (d) Inventory turnover 6.84 times (e) Profit margin 13.75 (0) Asset turnover 0.96 times (9) Return on assets 12.74% (h) Return on ordinary shareholders' equity 15.69 Debt to assets ratio Your answer is incorrect. Try again. Tamarisk NV's comparative statements of financial position are presented below TAMARISK NV Statements of Financial Position December 31 2017 Land 20,360 Buildings 70,340 Accumulated depreciation-buildings (14,550) Inventory 10,100 Accounts receivable 22,110 Cash 4,550 Total 112,910 Share capital-ordinary 75,320 Retained earnings 25,770 Accounts payable 11,820 Total 112,910 2016 25,860 70,340 (10,850) 7,360 23,430 3,630 119,770 70,380 17,860 119,770 Tamarisk's 2017 income statement included net sales of 117,510, cost of goods sold of Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.. (a) Current ratio (b) Acid-test ratio 2.96 :1 2.131 (c) Accounts receivable turnover 4.75 times (d) Inventory turnover (e) Profit margin 0) Asset turnover otal are capital-ordinary zained earnings _counts payable Total 75,320 25,770 11,820 112,910 70,380 17,860 31,530 119,770 Camarisk's 2017 income statement included net sales of 117,510, cost of Compute the following ratios for 2017. (Round all answers to 2 decimal 2.96 (a) Current ratio 2.13 | (b) Acid-test ratio (c) Accounts receivable turnover 4.75 time (d) Inventory turnover 6.84 times (e) Profit margin 13.75 (0) Asset turnover 0.96 times (9) Return on assets 12.74% (h) Return on ordinary shareholders' equity 15.69 Debt to assets ratio
