The condensed financial statements of Eau Fraiche Company for the years 2010 and 2011 are presented below.
Question:
Compute the following ratios for 2010 and 2011.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/3/09 was ¬340.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/09 were ¬1,900.)
(e) Return on ordinary shareholders equity, (Equity on 12/31/09 was ¬900.)
(f) Debt to total assets ratio.
(g) Times interestearned.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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