Exercise 14-8 Your answer is correct. Selected comparative statement data for Wildhorse Products Company are presented below December 31. Soluti Exer Prof Net sales 700,810 675,810 Cost of goods sold 484,650 399,420 Interest expense 6,510 4,600 Net Income 39,900 38,520 Accounts receivable 124,520 104,020 Inventory 87,440 79,620 Total assets 583,300 539,680 Total ordinary shareholders' equity 430,970 322,560 Asse Compute the following ratios for 2017. (Round Asset turnover to 2 decimal pla ... 1.6, or 1.69.) Retu Profit margin 5.69% Ret Asset turnover 1.25 times Return on assets 7.11% Return on ordinary shareholders' equity 10.6% Copy SHOW SOLUTION SHOW ANSWER LINK TO TEXT Exercise 14-8 Your answer is correct. Selected comparative statement data for Wildhorse Products Company are presented below December 31. Soluti Exer Prof Net sales 700,810 675,810 Cost of goods sold 484,650 399,420 Interest expense 6,510 4,600 Net Income 39,900 38,520 Accounts receivable 124,520 104,020 Inventory 87,440 79,620 Total assets 583,300 539,680 Total ordinary shareholders' equity 430,970 322,560 Asse Compute the following ratios for 2017. (Round Asset turnover to 2 decimal pla ... 1.6, or 1.69.) Retu Profit margin 5.69% Ret Asset turnover 1.25 times Return on assets 7.11% Return on ordinary shareholders' equity 10.6% Copy SHOW SOLUTION SHOW ANSWER LINK TO TEXT