A Company Had Net Income of $76,000 in 2009 and $88,000

question 9

Essay

A company had net income of $76,000 in 2009 and $88,000 in 2010.Its net sales were $640,000 in 2009 and $611,000 in 2010.Its average total assets in 2009 were $670,000 and $712,000 in 2010.Calculate the profit margin,total asset turnover and return on total assets for both years.Comment on the results.

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Definitions:

Dissociative Disorders

Psychological disorders that involve a sudden loss of memory or change in identity due to the dissociation (separation) of the individual’s conscious awareness from previous memories and thoughts.

Post-traumatic Stress Disorder

A psychological disorder caused by directly experiencing or seeing a traumatic incident, leading to recurring nightmares, flashbacks, and intense stress.

Bipolar Disorder

A psychiatric condition marked by significant fluctuations in a person's mood, energy, and ability to function, often oscillating between periods of depression and mania.

Dissociative Identity Disorder

A mental disorder characterized by the presence of two or more distinct personality states.