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Posted: October 22nd, 2022
Liquidity and Profitability Ratios P7. BuSINESS AppLICATION
Liquidity and Profitability RatiosP7.BuSINESS AppLICATION▶ A summary of data from Pinder Construction Supply Companyâs income statements and balance sheets for 2014 and 2013 follows.✔ 1b: 2014 current ratio: 2.0✔ 2c: 2014 return on assets: 14.8%Current assets2014$ 366,0002013$ 310,000Total assets2,320,0001,740,000Current liabilities180,000120,000Long-term liabilities800,000580,000Ownerâs equity1,340,0001,040,000Net sales4,600,0003,480,000Net income300,000204,000Total assets and ownerâs equity at the beginning of 2013 were $1,360,000 and$840,000, respectively.ReQUIReD1. Compute the following liquidity measures for 2013 and 2014: (a) working capital and (b) current ratio. Comment on the differences between the years. (Round to one decimal place.)2. Compute the following measures of profitability for 2013 and 2014: (a) profit mar- gin, (b) asset turnover, (c) return on assets, (d) debt to equity ratio, and (e) return on equity. Comment on the change in performance from 2013 to 2014. (Round to one decimal place.)
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