Compute the profit margin and asset turnover

Assignment Help Financial Accounting

Reference no: EM13913970

Accounting Connection- Elm Company had total assets of $640,000 in 2012, $680,000 in 2013, and $760,000 in 2014. In 2013, Elm had net income of $77,112 on revenues of $1,224,000. In 2014, it had net income of $98,952 on revenues of $1,596,000. Compute the profit margin, asset turnover, and return on assets for 2013 and 2014. Comment on the apparent cause of the increase or decrease in profitability. (Round to one decimal place.)

Reference no: EM13913970

Questions Cloud

Compute the receivables turnover and payables turnover : Compute the receivables turnover, inventory turnover, and payables turnover for each of the four years, and comment on the results relative to the cash flow problem that the firm has been experiencing.

Why is inventory an investment : What problems might occur with the full implementation of RFID technology in retail industries? Specifically consider the amount of data that might be collected.

Calculate the withholding taxes and the gross amount : Youngston Company (a Utah employer) wants to give a holiday bonus check of $750 to each employee.

Would content from recent articles to e-commerce marketing : Would like content from recent articles about e-commerce marketing. Please cite at least three(3) sources. 400 words discussing your viewpoint on the topic and refer to the content from the articles to support your findings.

Compute the profit margin and asset turnover : Compute the profit margin, asset turnover, and return on assets for 2013 and 2014. Comment on the apparent cause of the increase or decrease in profitability.

Starting point for a manufacturing company : Explain the rationale for the starting point for a manufacturing company's budget

How competitive is the industry in each country : Who are the key competitors (both multinational and local) for your company's product/service in each of the countries? How competitive is the industry in each country (overall competitiveness: high, low, medium, with explanation)?

Federal income taxes attach to her pay : Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes attach to her pay.

Compute the debt to equity ratio and return on equity ratio : Compute the debt to equity ratio, return on equity ratio, interest coverage ratio, and price/earnings (P/E) ratio, as well as the dividend yield, and comment on the results.

User Account

All Pages