Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Selected data from Decco Company are
presented below:
Total assets
Average total assets
Net income
Net sales
Average common stockholders'
equity
a. Calculate the profit margin.
$1,600,000
2,000,000
380,000
1,500,000
1,000,000
b. Compute asset turnover.
c. Compute return on assets.
d. Compute return on common stockholder's
equity.
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Transcribed Image Text:Selected data from Decco Company are presented below: Total assets Average total assets Net income Net sales Average common stockholders' equity a. Calculate the profit margin. $1,600,000 2,000,000 380,000 1,500,000 1,000,000 b. Compute asset turnover. c. Compute return on assets. d. Compute return on common stockholder's equity.
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