Selected Data from the Florida Fruit Company Are Presented Below

question 69

Essay

Selected data from the Florida Fruit Company are presented below: $\begin{array}{lr}\text { Total assets } & \$ 1,500,000 \\\text { Average total assets } & 1,850,000 \\\text { Net income } & 175,000 \\\text { Net sales } & 1,300,000 \\\text { Average common stockholders' equity } & 1,000,000 \\\text { Net cash provided by operating activities } & 275,000\end{array}$ Instructions
Assuming that no dividends were declared or paid during the period, calculate the following profitability ratios from the above information:
1. Profit margin
2. Asset turnover
3. Return on assets
4. Return on common stockholders' equity

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Definitions:

Electroconvulsive Therapy

A medical treatment for severe mental illness in which electric currents are passed through the brain, intentionally triggering a brief seizure to provide therapeutic effects.

Suicide

The deliberate action of taking one's own life.

Hopelessness

A state of despair characterized by a perceived lack of possibility or ability to achieve desired outcomes.

Electroconvulsive Therapy

A medical treatment involving electrical stimulation of the brain under anesthesia, typically used for severe depression.