Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 13.00

Adrian Express

The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $12.8 million, and net income of $1.4 million. Balance sheet information is provided in the following table. All amounts are in thousands.

    

ADRIAN EXPRESS
Balance Sheet
December 31, 2012 and 2011
  ($ in 000s)    2012    2011
  Assets        
  Current assets:        
      Cash $ 440   $ 600  
      Accounts receivable   1,720   1,320  
      Inventory   1,900     1,500  
  Long-term assets   3,800     4,380  
          
         Total assets $ 7,860   $ 7,800  
            
  Liabilities and Stockholders' Equity        
  Current liabilities $ 2,160   $ 1,800  
  Long-term liabilities   1,900     2,000  
  Common stock   2,000     2,000  
  Retained earnings   1,800     2,000  
          
         Total liabilities and stockholders' equity $ 7,860   $ 7,800  
          
 

       

Industry averages for the following four risk ratios are as follows:

      

  
  Gross profit ratio 25 %
  Return on assets 22 %
  Profit margin 13 %
  Asset turnover 2 times
  Return on equity 31 %
 

   

Required:
1.

Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place. Omit the % sign in your response.)

   

 
  Profit margin %       
    
  Return on equity %   

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 05:08 PM My Price 13.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)