Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 192 Weeks Ago, 2 Days Ago |
Questions Answered: | 27237 |
Tutorials Posted: | 27372 |
MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Selected comparative statement data for Tyrone Company are presented below. All balance sheet data are as of December 31.Â
                                                                          _2017             2016_
Net sales                                                               $1,160,000       $1,120,000
Cost of goods sold                                                     700,000        640,000
Interest expense                                                         15,000           10,000
Net income                                                                 150,000        140,000
Accounts receivable                                                  140,000        120,000
Inventory                                                                     100,000          95,000
Total assets                                                                780,000        700,000
Preferred stock (6%)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 200,000Â Â Â Â Â Â Â Â 200,000
Total stockholders' equity                                         630,000        525,000
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Instructions
Compute the following ratios for 2017.
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on common stockholders' equity
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