please help The condensed financial statements of Sunland...
80.2K
Verified Solution
Question
Accounting
please help
The condensed financial statements of Sunland Company for the years 2024 and 2025 are as follows. Question 3 of 3 Long-term liabilities \begin{tabular}{lll} Stockholders' equity-common & 1,160 & 1,160 \\ & & \\ Total liabilities and stockholders' equity & $2,640 & $2,510 \\ \hline \end{tabular} Sunland Company Income Statements For the Year Ended December 31 (in thousands) Expenses Costofgoodssold1,0901,010 Selling and administrative expenses 2,4002,330 Interest expense Total expenses Income before income taxes Income tax expense Net income \begin{tabular}{rr} 144 & 64 \\ $216 & $96 \\ \hline \end{tabular} Compute the following ratios for 2025 and 2024. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6% ) a. Currentratio. b. Inventory turnover. (Inventory on December 31,2023 , was $350.) c. Profitmargin. d. Return on assets. (Assets on December 31,2023, were $2,290.) e. Return on common stockholders' equity. (Stockholders' equity - common on December 31, 2023, was $950.) f. Debt to assets ratio. g. Times interest earned. estion 3 of 3 /1 Current ratio Inventory turnover times times Profit margin Return on assets Return on common stockholders' equity % % Debt to assets ratio Times interest earned times % % eTextbook and Media Save for Later: Attempts: 0 of 3 used Submit




Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.