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)