Question: I need Help guys! please include how you got the answer. Thank you! 1. (Chapter 14) The condensed financial statements of Soule Company are presented

I need Help guys! please include how you got the answer. Thank you!

I need Help guys! please include how you got the answer. Thank

1. (Chapter 14) The condensed financial statements of Soule Company are presented below Balance Sheets December 31 2014 2013 Current assets S 364 394 399 146 1,303 381 10 520 $2,214 $ 793 376 1,045 $2,214 $361 465 440 110 1,376 434 12 539 $2,361 $849 421 1,091 $2,361 Cash and cash eguivalents Accounts receivable (net) Invento Prepaid expenses Total current assets Property, plant, and equipment Investments Intangibles and other assets Total assets Current liabilities Long-term liabilitie:s Stockholders' equity-common Total liabilities and stockholders' equit Income Statements For the Years Ended December 31 2014 $3,758 2013 $3,643 Sales revenue Costs and expenses 961 2,309 23 3,293 465 254 $ 211 Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income 943 2,411 24 3,378 265 141 $ 124 Compute the following ratios for 2014. Current ratio Inventory turnover Profit margin ratio Return on assets Return on common stockholders' equity Debt to total assets ratio Times interest earned

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