Selected Current Year End Financial Information for a Company Is

question 108

Essay

Selected current year end financial information for a company is presented below.Calculate the following company ratios:
(a)Profit margin.
(b)Total asset turnover.
(c)Return on total assets.
(d)Return on common stockholders' equity (assume the company has no preferred stock).
Net income……………………………….. $ 325,000
Net sales………………………………….. 4,700,000
Total liabilities,beginning-year………….. 550,000
Total liabilities,end-of-year……………… 530,000
Total stockholders' equity,beginning-year. 760,000
Total stockholders' equity,end-of-year….. 745,000

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Definitions:

Attachment Figure

An individual who provides a child with emotional and physical security, often a parent or primary caregiver.

Social Smile

A smile that occurs in response to a human voice or face.

Human Voice

The sound produced by humans using the vocal folds for talking, singing, laughing, crying, screaming, etc.

Human Face

The front part of a person's head, including the forehead, eyes, nose, mouth, and jaw, used for expression and identification.