Solution-Compute the company return on assets ratio for

Compute the company return on assets ratio for year-end

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Reference no: EM133080288

Question - Selected information from the financial statement of Good Lumber Limited includes the following. Unit: millions

	2013	2012	2011	2010
Sales	$600	$500	$450	$400
Cost of goods sold	320	300	150	150
Gross profit	280	200	300	250
Expense	100	100	150	50
Profit	$180	$100	$150	$200

Required -

a. Computes the dollar and percentage changes of 2013?

b. Compute trend percentages of the sales item by taking 2010 as the based-year?

c. Compute component percentages of 2013 and 2012?

If the company has the ending balance of the assets as of 2013, $2,250 million, and equity $1,600 million, please answer following questions.

c. Compute the company return on assets ratio (ROA) for 2013 year-end.

d. Compute the company return on equity ratio (ROE) for 2013 year-end.

Reference no: EM133080288

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Compute the company return on assets ratio for year-end

Reference no: EM133080288

Reference no: EM133080288

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