A company reports the following income statement and balance sheet information for current year: Net income $604,150 Interest expense 106,620 Average total assets 6,290,000 Determine the return on total assets. If required, round the percentage to one decimal place. %

Refer to the following selected financial information from a company. Compute the company’s return on total assets for Year 2.    Year 2 Year 1 Net sales $ 483,000 $ 427,150 Cost of goods sold 277,200 251,020 Interest expense 10,600 11,600 Net income before tax 68,150 53,580 Net income after tax 46,950 40,800 Total assets 318,900 293,400 Total liabilities 176,900 168,200 Total equity 142,000 125,200 Answer: A. 22.3% B. 14.7% C. 9.7% D. 2.7% E. 15.3%

Compute common-size percents for the following comparative income statements (round percents to one decimal). Using the common-size percents, which item is most responsible for the decline in net income?

Given the following ratios, how well has the company been managing its liquidity for the past two years?                                         Current Year                                Past Year Ratio Company Industry Company Industry Current ratio 1.9 2.5 1.1 2.3 Quick ratio 0.7 1.0 0.4 0.9 Number of days of receivables 39.0 34.0 44.0 32.5 Number of days of inventory 41.0 30.3 45.0 27.4 Number of days of payables 34.3 36.0 29.4 35.5

A company reports the following amounts at the end of the year: Sales revenue Cost of goods sold Net income $ 310,000 210,000 53,000 Compute the company's gross profit ratio. (Round your final answe Gross profit ratio %

Following information are taken from financial statements of a company. What is the interest coverage ratio? Sales Revenue $1,000,000 Tax Rate 20% Net Income $200,000 Operating Income $280,000

Assume the following sales data for a company:   Current year $778,795   Preceding year 600,257 What is the percentage increase in sales from the preceding year to the current year?

Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report:   Previous Year Current Year Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128   If the company’s total assets are $55,676 at the beginning of the previous year, calculate the company’s: (a) return on assets (round answers to one decimal place - ex: 10.7%)   (b) asset turnover for both years (round answers to two decimal places)     Previous Year Current Year a. Return on Assets Ratio Answer Answer b. Asset Turnover Ratio Answer Answer

Selected data from Decco Company are presented below: Total assets $1,600,000 Average assets 2,000,000 Net income 380,000 Net sales 1,500,000 Average common stockholders' equity 1,000,000 Instructions Calculate the following profitability ratios from the above information. 1. Profit margin. 2. Asset turnover. 3. Return on assets.

Acount