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

Question:

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


image



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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

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

Question Posted: