Use the balance sheets provided and selected income statement information to compute various ratios Selected income statement information for Adrian Express for the year ended Dec 31, 2021 Sales $ 19,310,000 Cost of goods sold $ 12,250,000 Net income $ 1,700,000 14 Fill in the table below for 2021 Ratio Formula Calculations Answer Current ratio Debt to equity ratio Inventory turnover ratio Return on assets ratio Profit margin ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 Assets 20212020 Current assets

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Question: Use the balance sheets provided and selected income statement information to compute various ratios: Selected income statement information for Adrian Express for the year ended

Use the balance sheets provided and selected income statement information to compute various ratios:

Selected income statement information for Adrian Express for the year ended Dec. 31, 2021: Sales $ 19,310,000 Cost of goods sold $ 12,250,000 Net income $ 1,700,000

Use the balance sheets provided and selected income statement information to 14. Fill in the table below for 2021

Ratio Formula Calculations Answer Current ratio Debt-to-equity ratio Inventory turnover ratio Return on assets ratio Profit margin

ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 Assets 20212020 Current assets

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