Using the selected information given below for Bliss Company, calculate return on assets, debt ratio, and profit margin. Comment on the results of operations and the financial position of the company for the year.
Return on assets = ($950,000-795,000)/((1,900,000+1,500,000)/2) =9.1%
Debt ratio=$850,000/1,900,000=44.7%
Profit margin=$155,000/950,000=16.3%
Definitions:
Competitive Edge
An advantage a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.
Uniqueness
The quality of being one of a kind or unlike anything else.
Window of Opportunity
A brief period during which a specific action can be taken or a situation exploited before circumstances change.
Technical Excellence
Achieving the highest level of skill or proficiency in a particular area of technology or technical practice.
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