%) Problem 1 Question Help Dulaney\'s Stores has posted the following yearly ear

Question

%) Problem 1 Question Help Dulaney's Stores has posted the following yearly earnings and expenses. Click the icon to view the yearly data. a. Dulaney's current profit margin is 9.5 %. (Enter your response rounded to one decimal place. Dulaney's current yearly ROA is % (Enter your response rounded to one decimal lace. More Info Earnings and Expenses (Year Ending January 2012) Sales Cost of goods sold (COGS) Pretax earnings Selected Balance Sheet Items Merchandise Inventory Total assets $46,000,000 $31,000,000 $4,370,000 $2,185,000 $9,000,000 Done

Explanation / Answer

Dulaney's Current Profit Margin
= (Pre Tax Earning/Sales) * 100
=(4370000/46000000)*100
= 9.5%

Dulaney's Current Yearly ROA
= (Pre Tax Earning/Total Assets) * 100
=(4370000/9000000)*100
= 48.55 %

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