Reference no: EM132768719
The selected financial data of Qazi Manufacturing Company are as follows:
Summary of operations 2015
Net sales 1002100
Cost of products sold 520500
Operating expenses 170200
Non-operating expenses 9192
Interest expense 14620
Earnings before income taxes 287588
Income taxes 116473
Net earnings 171115
Other Financial Information
Average property, plant & equip. 302500
Average total assets 839000
Average stockholder's equity 406000
Required:
Problem a) Compute the following for the year ended December 31, 2015 and interpret the results
The selected financial data of Qazi Manufacturing Company are as follows:
Summary of operations 2015
Net sales 1002100
Cost of products sold 520500
Operating expenses 170200
Non-operating expenses 9192
Interest expense 14620
Earnings before income taxes 287588
Income taxes 116473
Net earnings 171115
Other Financial Information
Average property, plant & equip. 302500
Average total assets 839000
Average stockholder's equity 406000
Required:
Problem a) Compute the following for the year ended December 31, 2015 and interpret the results:
Net profit margin
Returns on assets
Return on total equity
Sales to fixed assets
Problem b) Based on your computations, summarize the overall liquidity and profitability position of the firm.
Problem c) Comment on the debt position and the trends indicated in the long-term debt-paying ability.
:
Net profit margin
Returns on assets
Return on total equity
Sales to fixed assets
Problem b) Based on your computations, summarize the overall liquidity and profitability position of the firm.
Problem c) Comment on the debt position and the trends indicated in the long-term debt-paying ability.
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