The following selected information is for Foress Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income Foress had no preferred shares. (a) Gross profit margin Profit margin Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2024 and 2023. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6 or 2.6%. Round asset turnover to 2 decimal places e.g. 6.21.) Asset turnover 2024 $353,000 133,500 507,000 382,785 33,462 Return on assets 2023 $267,000 95,000 45,000 410,000 293,000 291,920 188,000 29,930 19,400 Return on common shareholders' equity 2022 $280,000 2024 % times % 2023 % times % %

The following selected information is for Foress Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income Foress had no preferred shares. (a) Gross profit margin Profit margin Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2024 and 2023. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6 or 2.6%. Round asset turnover to 2 decimal places e.g. 6.21.) Asset turnover 2024 $353,000 133,500 507,000 382,785 33,462 Return on assets 2023 $267,000 95,000 45,000 410,000 293,000 291,920 188,000 29,930 19,400 Return on common shareholders' equity 2022 $280,000 2024 % times % 2023 % times % %

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1Q: Define each of the following terms: Liquidity ratios: current ratio; quick, or acid test,...

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