The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as...

  

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The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc Company Statements of Financial Position December 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 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 Evoc Company Income Statements For the Years Ended December 31 2020 2019 Sales revenue Costs and expenses €4,000 €3,600 Cost of goods sold 984 895 Selling and administrative expenses 2.400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes Income tax expense Net income 606 355 242 142 € 364 € 213 Compute the following ratios for 2020 and 2019: a. Current ratio b. Inventory turnover (Inventory on 12/31/18 was €326) c. Profit margin d. Return on assets (Assets on 12/31/18 were €2,100) e. Return on ordinary shareholders' equity (Equity on 12/31/18 was €960) f. Debt to assets ratio g. Times interest earned The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc Company Statements of Financial Position December 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 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 Evoc Company Income Statements For the Years Ended December 31 2020 2019 Sales revenue Costs and expenses €4,000 €3,600 Cost of goods sold 984 895 Selling and administrative expenses 2.400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes Income tax expense Net income 606 355 242 142 € 364 € 213 Compute the following ratios for 2020 and 2019: a. Current ratio b. Inventory turnover (Inventory on 12/31/18 was €326) c. Profit margin d. Return on assets (Assets on 12/31/18 were €2,100) e. Return on ordinary shareholders' equity (Equity on 12/31/18 was €960) f. Debt to assets ratio g. Times interest earned

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2019 2020 a Current Ratio CACL 1350900 151 1343810 1661 b Inventory Turnover Cost of SalesInve... View the full answer