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Finding return on assets ratio-return on equity ratio

Assignment Help Business Management
Reference no: EM133039892

Problem:

Following information is available for ABC Company:

Net Income to Common

736

Preference dividend

0

Net income or Profit for the year

736

Net unusual income

0

 

 

Minority Interest in income

18

 

 

Net Interest Expense after Tax

-       193.7

Net interest expense

-         269

Statutory Tax rate

28%

 

 

Sales

18,643

 

 

Assets at the start

15,117

Assets at the end

14,373

Assets Average

14,745.0

 

 

Shareholders' Equity at the start

6,620

Shareholders' Equity at the end

6,708

Shareholders' Equity average

6,664.0

Required:

Based on the above information, calculate:

a) Return on Assets ratio. Analyse the results and comment.

b) Return on equity ratio. Analyse the results and comment.

Reference no: EM133039892

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