Solution-Compute the profit margin and return on assets

Compute the profit margin and return on assets

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Reference no: EM131629695

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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Compute the profit margin and return on assets

Reference no: EM131629695

Reference no: EM131629695

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