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

question 123

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.

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Definitions:

Bill Of Material

A complete rundown of essential substances, components, and procedures for constructing, crafting, or restoring a product or service.

Cumulative Lead Time

The total time required to manufacture a product, including the time to procure all necessary materials and components.

Component Y

A hypothetical or specific part of a larger system or machine, typically referred to in the context of manufacturing, assembly, or engineering projects.

Part Z

A hypothetical or specific component within a larger system or product, often used to discuss or analyze a particular aspect of a process or design.