Question

The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below.


Compute the following ratios for 2014 and 2013.
(a) Current ratio.
(b) Inventory turnover. (Inventory on December 31, 2012, was $340.)
(c) Profit margin.
(d) Return on assets. (Assets on December 31, 2012, were $1,900.)
(e) Return on common stockholders’ equity. (Equity on December 31, 2012, was $900.)
(f) Debt to assets ratio.
(g) Times interestearned.


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  • CreatedApril 07, 2014
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