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A Company Had Net Income of $76,000 in 2012 and $88,000

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Essay

A company had net income of $76,000 in 2012 and $88,000 in 2013.Its net sales were $640,000 in 2012 and $611,000 in 2013.Its average total assets in 2012 were $670,000 and $712,000 in 2013.Calculate the profit margin,total asset turnover,and return on total assets for both years.Comment on the results.


Definitions:

Personal Style

An individual's unique expression of themselves through their choices in clothing, communication, behavior, and preferences.

Situationism

The theory that behavior is determined more by situations and environmental factors than by personal traits or motivations.

Relative Consistency

The degree to which an individual's behavior remains stable in different contexts over time.

True Interaction

An authentic exchange or engagement between people, which is genuine and not artificial or simulated in any way.

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