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Category > Accounting Posted 23 Jul 2017 My Price 12.00

Dorex, Inc

Dorex, Inc., presented the following comparative income statements for 2009, 2008, and 2007:

	For the Years Ended
	2009	2008	2007
Net sales	$1,600,000	$1,300,000	$1,200,000
Other income	22,100	21,500	21,000
	1,622,100	1,321,500	1,221,000
Costs and expenses:
Material and manufacturing costs of products sold	740,000	624,000	576,000
Research and development	90,000	78,000	71,400
General and selling	600,000	500,500	465,000
Interest	19,000	18,200	17,040
Other	14,000	13,650	13,800
	$1,463,000	$1,234,350	$1,143,240

	For the Years Ended
	2009	2008	2007
Earnings before income taxes and noncontrolling interest	$159,100	$87,150	$77,760
Provision for income taxes	62,049	35,731	32,659
Earnings before noncontrolling interest	97,051	51,419	45,101
Noncontrolling interest	10,200	8,500	8,100
Net earnings	86,851	42,919	37,001

	For the Years Ended
	2009	2008	2007
Other relevant financial information:
Average common shares issued	29,610	29,100	28,800
Average long-term debt	$211,100	$121,800	$214,000
Average stockholders’ equity (all common)	811,200	790,100	770,000
Average total assets	1,440,600	1,220,000	1,180,000
Average operating assets	1,390,200	1,160,000	1,090,000

Required

a. Calculate the following for 2009, 2008, and 2007:

1. Net profit margin

2. Return on assets

3. Total asset turnover

4. DuPont analysis

5. Operating income margin

6. Return on operating assets

7. Operating asset turnover

8. DuPont analysis with operating ratios

9. Return on investment

10. Return on total equity

b. Based on the previous computations, summarize the trend in profitability for this firm.

Answers

Maurice Tutor

(5)

Status NEW Posted 23 Jul 2017 11:07 PM My Price 12.00

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