The condensed financial statements of Soule Company for the years 2013 and 2014 are presented on the next page.

Soule Company
Statements of Financial Position
December 31

Soule Company
Income Statements
For the Years Ended December 31

Compute the following ratios for 2014 and 2013.
(a) Current.
(b) Inventory turnover. (Inventory on 12/31/12 was ‚¬326.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/12 were ‚¬2,100.)
(e) Return on ordinary shareholders€™ equity. (Equity on 12/31/12 was ‚¬960.)
(f) Debt to total assets.
(g) Times interest earned.

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2014 2013 € 530 € 510 Intangibles and other assets Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses Inventory Accounts receivable (net) Cash and cash equivalents €120 €160 390 430 470 433 330 1,350 360 1,343 Total assets €2,310 €2,243 Equity Non-current liabilities €1,020 €1,040 390 393 Current liabilities 900 810 Total equity and liabilities €2,310 €2,243 2014 2013 €3,600 Sales revenue Costs and expenses €4,000 Cost of goods sold Selling and administrative expenses Interest expense 984 895 2,400 2,330 10 20 Total costs and expenses 3,394 3,245 Income before income taxes 606 355 Income tax expense 242 142 Net income € 364 € 213