The condensed financial statements of Soule Company for the years 2013 and 2014 are presented below. Compute

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The condensed financial statements of Soule Company for the years 2013 and 2014 are presented below.

The condensed financial statements of Soule Company for the year

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
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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Managerial Accounting Tools for business decision making

ISBN: 978-1118096895

6th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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