Rondo Corporation's comparative balance sheets are presented here. Rondo's 2025 income statement included net sales of ($
Question:
Rondo Corporation's comparative balance sheets are presented here.
Rondo's 2025 income statement included net sales of \(\$ 120,000\), cost of goods sold of \(\$ 70,000\), and net income of \(\$ 14,000\).
Instructions
Compute the following ratios for 2025.
a. Current ratio.
b. Accounts receivable turnover.
c. Inventory turnover.
d. Profit margin.
e. Asset turnover.
f. Return on assets.
g. Return on common stockholders' equity.
h. Debt to assets ratio.
Transcribed Image Text:
Cash Accounts receivable (net) Inventory Land Rondo Corporation Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2025 $ 5,300 21,200 9,000 20,000 70,000 (15,000) $110,500 $ 10,370 75,000 25,130 $110,500 2024 $ 3,700 23,400 7,000 26,000 70,000 (10,000) $120,100 $ 31,100 69,000 20,000 $120,100
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a 5300 21200 9000 10370 3421 b 120000 21200 23...View the full answer
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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