Compute the profit margin and return on assets

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Exercise - Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.


2017

2016

Net sales

$763,500

$719,000

Cost of goods sold

476,500

437,500

Interest expense

7,400

4,100

Net income

47,500

44,000

Accounts receivable

116,000

100,500

Inventory

82,400

76,000

Total assets

579,200

498,000

Total common stockholders' equity

429,200

322,100

Compute the following ratios for 2017.

Profit margin

Asset turnover

Return on assets

Return on common stockholders' equity

Reference no: EM131629695

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