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HCS 380 Week 4 Individual Signature Assignment Financial
Statement( 2 Papers)
ELLIOTT COMPANY
Income Statements
For the Year Ended December
31( in thousands)
2014
2013
Sales revenue
$ 3,980 $ 3,640
Costs and expenses Cost of goods sold
1,045
965
Selling &
administrative
2,400 2,330
expenses
Interest expense
10
20
Total costs and expenses
3,455 3,315
Income before income taxes
525
325
Income tax expense
210
130
Net income
$ 315 $ 195
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.
Inventory turnover.( Inventory on December 31, 2012, was( b)
$ 380.)( c) Profit margin.
Return on assets.( Assets on December 31, 2012, were
( d)( e)
$ 1,950.) Return on common stockholders’ equity.( Equity on December 31, 2012, was $ 940.)( f) Debt to assets ratio.( g) Times interest earned.
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HCS 380 Week 4 Individual Signature Assignment Financial

Statement( 2 Papers)