The condensed financial statements of Soule Company for the years 2013 and 2014 are presented below. Compute
Question:
Compute the following ratios for 2014 and 2013.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/12 was $326.)
(c) Profit margin ratio.
(d) Return on assets. (Assets on 12/31/12 were $2,100.)
(e) Return on common stockholders equity. (Stockholders equity on 12/31/12 was $960.)
(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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted: