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Selected financial data for Squid Company are as follows:
2007
2006
2005
Summary of operations:
Net sales
$1,002,100
$980,500
$900,000
Cost of products sold
520,500
514,762
477,000
Selling, administrative, and general expenses
170,200
167,665
155,700
Nonoperating income
9,192
8,860
6,500
2007 2006 2005
Interest expense
14,620
12,100
11,250
Earnings before income taxes
287,588
277,113
249,550
Provision for income taxes
116,473
113,616
105,560
Net earnings
171,115
163,497
143,990
Financial information: Working capital
$190,400
$189,000
$180,000
Average property, plant, and equipment
302,500
281,000
173,000
Average total assets
839,000
770,000
765,000
Average long-term debt
120,000
112,000
101,000
Average stockholders' equity
406,000
369,500
342,000
Required:
a. Compute the following for 2007, 2006, and 2005:
1. Net profit margin
2. Return on assets
3. Total asset turnover
4. DuPont analysis
5. Return on investment
6. Return on total equity
7. Sales to fixed assets
b. Discuss your findings in (a).
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