The condensed financial statements of Soule SpA for the years 2016 and 2017 are presented as follows.
Question:
SOULE SpA
Statements of Financial Position
December 31
SOULE SpA
Income Statements
For the Years Ended December 31
Compute the following ratios for 2017 and 2016.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/15 was ¬326.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/15 were ¬2,100.)
(e) Return on ordinary shareholders' equity. (Equity on 12/31/15 was ¬960.)
(f) Debt to assets ratio.
(g) Times interest earned?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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