HCS 380 RANK Let's Do This /hcs380rank.com HCS 380 RANK Let's Do This /hcs380rank.com | Page 48

Cost of goods sold 1,148 1,068
Selling & administrative expenses 2,400 2,330
Interest expense
10
20
Total costs and expenses 3,558 3,418
Income before income taxes 437
Income tax expense
Net income
175
237
95
$ 262 $ 142
Compute the following ratios for 2014 and 2013. (Round all answers to
2 decimal places, e.g. 1.83 or 12.61%.)
(a)
Current ratio.
(b)
Inventory turnover. (Inventory on December 31, 2012, was
$400.)
(c) Profit margin.
(d) Return on assets. (Assets on December 31, 2012, were $2,700.)
(e)
Return on common stockholders’ equity. (Equity on December
31, 2012, was $990.)
(f) Debt to assets ratio.
(g) Times interest earned.
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