A Company Reported Net Income for 2012 of $98,000 and $106,000

question 108

Essay

A company reported net income for 2012 of $98,000 and $106,000 in 2013.It also reported net sales of $735,000 in 2012 and $798,000 in 2013.The company's average total assets in 2012 were $1,850,000 and $1,720,000 in 2013.Calculate this company's profit margin,total asset turnover,and return on total assets for 2012 and 2013.Comment on the results.

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Definitions:

Dialogue

Dialogue is a form of conversation where two or more parties respectfully exchange ideas or opinions, aiming for mutual understanding and learning.

Behaviors

Actions or reactions of an individual in response to external or internal stimuli.

Skills

Refers to the abilities or expertise one has, which are developed through practice and experience, to perform a particular task effectively.

Nonverbal Reaction

Nonverbal reactions encompass the communication and responses that do not involve spoken words, often including body language and facial expressions.