statement included net sales of €104,000, cost of goods sold of €62,764, and net income of €14,560
Crane's 2020 income statement included net sales of €104,000, cost of goods sold of €62,764, and net income of €14,560. Compute the following ratios for 2020. (Round profit margin to O decimal places, e.g. 16 or 16%. Round all other answers to 2 decimal places, e.g. 1.67.) a. Current ratio :1 b. Acid-test ratio :1 c. Accounts receivable turnover times d. Inventory turnover times e. Profit margin % f. Asset turnover times S Return on assets % h. Return on ordinary shareholders' equity i. Debt to assets ratio %
Crane NV Statements of Financial Position December 31 2020 2019 Land €20,800 €26,000 Buildings 72,800 70,000 Accumulated depreciation-buildings (15,600) (10,000) Inventory 10,400 7,000 Accounts receivable 22,880 24,000 Cash 4,472 3,700 Total assets €115,752 €120,700 Share capital-ordinary €74,880 €69,000 Retained earnings 25,272 20,600 Accounts payable 15,600 31,100 Total equity and liabilities €115,752 €120,700 Crane's 2020 income Crane NV Statements of Financial Position December 31 2020 2019 Land €20,800 €26,000 Buildings 72,800 70,000 Accumulated
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