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Category > Accounting Posted 11 Jun 2017 My Price 4.00

Selected comparative statement data for Molini Products Company are presented below

E14-8 Selected comparative statement data for Molini Products Company are presented below. All balance sheet data are as of December 31.

 

2014

 

2013

Net sales

$700,000

 

$680,000

Cost of goods sold

480,000

 

400,000

Interest expense

7,000

 

5,000

Net income

42,000

 

34,000

Accounts receivable

120,000

 

100,000

Inventory

85,000

 

75,000

Total assets

580,000

 

540,000

Total common stockholders’  equity

425,000

 

325,000

 

 

 

 

Instructions

Compute the following ratios for 2014.

(a)  Profit margin.

(b)  Asset turnover.

(c)   Return on assets.

(d)  Return on common stockholders’ equity.

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 11 Jun 2017 07:06 AM My Price 4.00

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file 1497164571-Answer.docx preview (37 words )
S-----------olu-----------tio-----------n: ----------- a-----------. P-----------rof-----------it -----------mar-----------gin-----------= N-----------et -----------inc-----------ome-----------/Ne-----------t s-----------ale-----------s*1-----------00=----------- 42-----------000-----------/70-----------000-----------0*1-----------00=----------- 6%----------- -----------b. -----------Ass-----------ets----------- tu-----------rno-----------ver-----------= N-----------et -----------sal-----------es/-----------Ave-----------rag-----------e a-----------sse-----------ts -----------Ave-----------rag-----------e a-----------sse-----------ts ----------- = -----------Ope-----------nin-----------g a-----------sse-----------ts+----------- Cl-----------osi-----------ng -----------ass-----------ets-----------/2 -----------(54-----------000-----------0+5-----------800-----------00)-----------/2=----------- 56-----------000-----------0 ----------- As-----------set-----------s t-----------urn-----------ove-----------r= -----------700-----------000-----------/56-----------000-----------0= -----------1.2-----------5 ----------- c.----------- Re-----------tur-----------n o-----------n a-----------sse-----------ts=----------- Ne-----------t i-----------nco-----------me/----------- Av-----------era-----------ge -----------ass-----------ets----------- 42-----------000-----------/56-----------000-----------0*1-----------00=----------- 7.-----------5% ----------- -----------
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