The Following Information Was Taken from the Income Statement and Balance

question 18

Essay

The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2014 and 2015: $$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 4 } \\\hline \text { Sales revenues } & \mathbf { \$ 3 0 , 7 5 2 } & \mathbf { \$ 2 7 , 0 6 1 } \\\hline \text { Net income } & 2,345 & 1,267 \\\hline \text { Total assets } & 53,902 & 49,988 \\\hline \text { Total stockholders' equity } & 26,081 & 23,791 \\\hline\end{array}$$ Compute the following ratios for 2015:
A. Net profit margin
B. Asset turnover
C. and Return on assets

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Definitions:

Kinesis

A movement or activity of a cell or an organism in response to a stimulus, without direction toward or away from the source.

Intimate Space

Describes the physical space closely surrounding a person, which they consider personal and is reserved for close friends, family, or romantic partners.

Burnout

A state of emotional, physical, and mental exhaustion caused by excessive and prolonged stress.

Sense of Accomplishment

The feeling of pride and satisfaction that comes from achieving something significant or completing a task.