Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 2022 2021 Net sales $1,165,000 $1,125,000 Cost of goods sold 705,000 645,000 Interest expense 20,000 15,000 Net income 154,945 145,000 Accounts receivable 145,000 125,000 Inventory 105,000 100,000 Total assets 785,000 700,000 Preferred stock (6%) 205,000 200,000 Total stockholders’ equity 635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a) Profit margin enter the profit margin in percentages % (b) Asset turnover enter the asset turnover in times times (c) Return on assets enter the return on assets in percentages % (d) Return on common stockholders’ equity enter the return on common stockholders' equity in percentages %
Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31.
2022
2021
Net sales
$1,165,000 $1,125,000
Cost of goods sold
705,000 645,000
Interest expense
20,000 15,000
Net income
154,945 145,000
Accounts receivable
145,000 125,000
Inventory
105,000 100,000
Total assets
785,000 700,000
Preferred stock (6%)
205,000 200,000
Total stockholders’ equity
635,000 525,000
Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%)
(a)
Profit margin
enter the profit margin in percentages
%
(b)
Asset turnover
enter the asset turnover in times
times
(c)
Return on assets
enter the return on assets in percentages
%
(d)
Return on common stockholders’ equity
enter the return on common
%
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