Business, 01.11.2019 06:31, juuuuuu42

Cadux candy company’s income statement for the year ended december 31, 2013, reported interest expense of $2 millionand income tax expense of $12 million- current assets listed in its balance sheet include cash, accounts receivable, andinventories. property, plant, and equipment is the company’s only noncurrent asset. financial ratios for 2013 are listedbelow. profitability and turnover ratios with balance sheet items in the denominator were calculated using year-endbalances rather than averages-debt to equity ratio. cid-test ratioimes interest earned ratioreturn on shareholders’ equityprofit margin on salesross profit margin -gross profit divided by net sales]inventory turnoverreceivables turnover

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Cadux candy company’s income statement for the year ended december 31, 2013, reported interest expen...