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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.
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