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Ratios for Garney Company for 2010

The financial information below was taken from the annual financial statements of Garney Company:

2010 2009
Current assets $192,000 $212,000
Current liabilities 80,000 90,000
Total liabilities 190,000 160,000
Total assets 525,000 475,000
Sales 420,000 370,000
Cost of goods sold 240,000 220,000
Inventory 105,000 125,000
Receivables (net) 80,000 60,000
Net income 55,000 48,000
Net cash provided by operating activities 65,000 25,000

Instructions:

Calculate the following ratios for Garney Company for 2010. Five Points Each.

Current ratio.
Debt to total assets ratio.
Cash debt coverage ratio.
Return on assets.
Profit margin ratio.
Asset turnover ratio.
Inventory turnover ratio.

Solution Summary

Ratios for Garney Company for 2010 is examined.

$2.19