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 )