Compute the following ratios for 2009 and 2010. (1) Profit margin (2) Asset turnover. (3) Earnings per share (Weighted average common shares in 2010 were 32,000 and in 2009 were 31,000). (4) Price earnings ratio (5) Payout ratio (6) Debt to total assets.

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter2: Audits Of High-risk Accounts
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Compute the following ratios for 2009 and 2010.
(1) Profit margin
(2) Asset turnover.
(3) Earnings per share (Weighted average common shares in 2010 were 32,000 and in 2009 were
31,000).
(4) Price earnings ratio
(5) Payout ratio
(6) Debt to total assets.
Transcribed Image Text:Compute the following ratios for 2009 and 2010. (1) Profit margin (2) Asset turnover. (3) Earnings per share (Weighted average common shares in 2010 were 32,000 and in 2009 were 31,000). (4) Price earnings ratio (5) Payout ratio (6) Debt to total assets.
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