interpret or compare its results from 2018 to 2019 Gross Profit Ratio Gross profit / sales49.2362.75Profit MarginProfit / sales11.7120.12RatioReturn on assetsNet income / total assets5.8510.93

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Business

Accounting

interpret or compare its results from 2018 to 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

interpret or compare its results from 2018 to 2019

Gross Profit Ratio Gross profit / sales
49.23
62.75
Profit Margin
Profit / sales
11.71
20.12
Ratio
Return on assets
Net income / total assets
5.85
10.93

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