Selected Data from the Florida Fruit Company Are Presented Below

question 287

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:

Communication

The process of transmitting information, ideas, emotions, skills, and knowledge from one person or group to another through various means.

Homophobia

Negative attitudes, feelings, or actions directed towards homosexual individuals or homosexuality in general.

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Approaches and methods that aim to increase individuals' or groups' control over their lives, decisions, and resources, fostering strength and confidence in their abilities.