Question

Selected current year company information follows:

Net income $ 325,000
Net sales 4,700,000
Total liabilities, beginning-year 550,000
Total liabilities, end-of-year 530,000
Total stockholders equity, beginning-year 760,000
Total stockholders equity, end-of-year 745,000

Calculate the following company ratios:
(a) Profit margin.
(b) Total asset turnover.
(c) Return on total assets.
(d) Return on common stockholders' equity (assume the company has no preferred stock).

Answer

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