Question: solve this question please E13.23 LO 4) (Ratio Computations and Discussion) Chen Group has been operating for several years, and on December 31,2022, presented the
E13.23 LO 4) (Ratio Computations and Discussion) Chen Group has been operating for several years, and on December 31,2022, presented the following statement of financial position (amounts in thousands). The net income for 2022 was 25,000. Assume that total assets are the same in 2021 and 2022 Instructions Compute each of the following ratios. For each of the four, indicate the manner in which it is computed and its significance as a tool in the analysis of the financial soundness of the company. a- Current ratio. b- Acid-test ratio. c- Debt to assets d- Return on assets
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