Yadier Corporation€™s comparative statements of financial position are presented below.

Yadier Corporation
Statements of Financial Position
December 31

Yadier€™s 2014 income statement included net sales of $100,000, cost of goods sold of $60,350, and net income of $14,000.

Instructions
Compute the following ratios for 2014.
(a) Current.
(b) Acid-test.
(c) Accounts receivable turnover.
(d) Inventory turnover.
(e) Profit margin.
(f) Asset turnover.
(g) Return on assets.
(h) Return on ordinary shareholders€™ equity.
(i) Debt to total assets.

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2014 2013 $ 20,000 70,000 $ 26,000 70,000 (10,000) 7,000 24,000 3,700 Land Buildings Accumulated depreciation-buildings Inventory Accounts receivable (15,000) 10,000 22,000 Cash 4,300 Total $111,300 $120,700 $ 69,000 20,600 31,100 $ 75,000 24,300 12,000 Share capital–ordinary Retained earnings Accounts payable Total $111,300 $120,700