The condensed financial statements of Ness Company for the years 2024 and 2025 are as follows. Compute

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The condensed financial statements of Ness Company for the years 2024 and 2025 are as follows.image


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Compute the following ratios for 2025 and 2024.a. Current ratio.b. Inventory turnover. (Inventory on December 31, 2023, was $340.)c. Profit margin.d. Return on assets. (Assets on December 31, 2023, were $1,900.)e. Return on common stockholders’ equity. (Stockholders’ equity—common on December 31, 2023, was $900.)f. Debt to assets ratio.g. Times interest earned.

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Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

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