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Question

ew History Bookmarks PeopleWindow Help AOL Mal (1095) x G calculator-Google Search XG S × x (e Frizeli Company Has The Fen care https//edugen.wileyplus.com/edugen/lti/main.uni Exercise 18-8 Selected comparative statement data for Queen Products Company are presented below, All balance sheet data are as of December 31 2017 2016 Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders" equity $756,000 724,000 478,500 440,500 5,500 44,000 122,500 107,500 73,000 578,600 504,300 425,300 326,600 7,000 46,500 tStudy 82,100 Compute the following ratios for 2017. (Round answers to r decimal place, e.g. ts, or t.6% .) Peofit margin times Return on assets Return on common stockholders' equity LINK TO TEe A Division of MacBook Air

Explanation / Answer

profit margin = net income/net sales 46,500/756,000 6.2% Asset turnover = net sales/average total assets average total assets = (578600+504300)/2 541450 756,000/541450 1.4 Return on assets = net income/ average total assets 46500/541450 8.6% Return on common stockholders Equity = net income / average stockholders equity average stockholders equity =(425300+326,600)/2 375950 46500/375950 12.4%

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