Reference no: EM131896395
Selected comparative statement data for Tyrone Company are presented below. All balance sheet data are as of December 31.
_2017 2016_
Net sales $1,160,000 $1,120,000
Cost of goods sold 700,000 640,000
Interest expense 15,000 10,000
Net income 150,000 140,000
Accounts receivable 140,000 120,000
Inventory 100,000 95,000
Total assets 780,000 700,000
Preferred stock (6%) 200,000 200,000
Total stockholders' equity 630,000 525,000
Instructions
Compute the following ratios for 2017.
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on common stockholders' equity