HCS 380 Seek Your Dream /uophelp.com HCS 380 Seek Your Dream /uophelp.com | Page 28

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 437 237 Income tax expense 175 95 Net income $ 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 .
=================================================