Calculate the following for 2011, 2010, and 2009 and summarize trends? a)Net pro

Question

Calculate the following for 2011, 2010, and 2009 and summarize trends?
a)Net profit margin b)Return on assets c)Total asset turnover d)DuPont analysis e)Operating income margin f)Return on operating assets g)Operating asset turnover h)DuPont analysis with operating ratios i)Return on investment j)Return on total equity

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Ohenry's INCOME STATEMENTS 2011 2010 2009 Net Sales $1,600,000 $1,300,000 $1,200,000 Other Income $22,100 $21,500 $21,000 $1,622,100 $1,321,500 $1,221,000 Cost & Expenses Material and manufacturing costs of products sold $740,000 $624,000 $576,000 Research and development $90,000 $78,000 $71,400 General and selling $600,000 $500,500 $465,000 Interest $19,000 $18,200 $17,040 Other $14,000 $13,650 $13,800 $1,463,000 $1,234,350 $1,143,240 Earnings before income taxes and noncontrolling interest $159,100 $87,150 $77,760 Provision for income taxes $62,049 $35,731 $32,659 Earnings before noncontrolling interest $97,051 $51,419 $45,101 Non-controlling Interest $10,200 $8,500 $8,100 Net Earnings $86,851 $42,919 $37,001 Other relevant financial information: Average common shares issued 29610 29100 28800 Average long-term debt $211,100 $121,800 $214,000 Average stockholders’ equity (all common) $811,200 $790,100 $770,000 Average total assets $1,440,600 $1,220,000 $1,180,000 Average operating assets $1,390,200 $1,160,000 $1,090,000

Explanation / Answer

ANSWER:    

Because of the symmetry of the t distribution, this left-hand tail probability can be calculated exactly like right-hand tail. The answer is 0.22119.

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