Excerpts from Andre Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 40,000$ 36,000Inventory28,00035,000Net sales190,000186,000Cost of goods sold114,000108,000Total assets425,000405,000Total stockholders’ equity240,000225,000Net income32,50028,000 What is the inventory turnover ratio for 2024?Note: Round your answer to two decimal places.

Solvency refers to a company’s ability to pay its current liabilities while liquidity refers to a company’s ability to pay its current and long-term liabilities.

A partial balance sheet for Captain D’s Sportswear is shown below: (dollars in thousands) Assets: Liabilities and Stockholder’s Equity: Cash $ 69 Accounts payable $ 245 Accounts receivable (net) 173 Other liabilities 87 Investments 57 Total current liabilities 332 Inventory 202 Long-term liabilities 117 Prepaid rent 29 Total liabilities 449 Total current assets 530 Common stock 160 Retained earnings 186 Property & Equipment, (net) 265 Total stockholders’ equity 346 Total assets $795 Total liabilities and equity $795 What is the company’s current ratio? Note: Round your answer to two decimal places.

Needle Company reports accounts receivable of $100,000 in 2023 and $250,000 in 2024. Using horizontal analysis, what would be the percentage increase or decrease in accounts receivable?

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the asset turnover for 2024?Note: Round your answer to one decimal place.

A stock split has no effect on the total of any account in stockholders’ equity.

Common-size analysis is another term used for:

Which of the following income statement items is least likely to persist into future periods?

Other things being equal, the higher the debt to equity ratio, the higher the risk of bankruptcy.

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Current liabilities145,000125,000Interest-bearing debt205,000235,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the debt to equity ratio for 2024?