1.
Concept Introduction:
Return on total assets is calculated by dividing the income of the business by the total assets of the business. Return over assets show how much business is earning on its invested assets.
Return on assets= Net Income/ Total Assets.
To Calculate:
Return on assets of two recent years.
2.
Concept Introduction:
Return on total assets is calculated by dividing the income of the business by the total assets of the business. Return over assets show how much business is earning on its invested assets.
Return on assets= Net Income/ Total Assets.
To Calculate:
Trend of return.
3.
Concept Introduction:
Return on total assets is calculated by dividing the income of the business by the total assets of the business. Return over assets show how much business is earning on its invested assets.
Return on assets= Net Income/ Total Assets.
To Calculate:
Compare return with the other companies.
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Loose Leaf for Financial Accounting: Information for Decisions
- 1.How is the company's financial performance based on the data? 2.What do you think are the factors affecting the number of bookings throughout the year? 3. What can you say about the company's revenue for 2020? Regardless if it's good or not, give strategic decisions that can help improve the revenue from its current status 4. What are your analysis and insights on the Financial statement.arrow_forwardUsing Pfizer’s Income Statement, perform a horizontal analysis and answer the following questions: 1. What can you say about the company’s performance throughout the years? 2. What can you say about the sales performance of the company from 2008 to 2009? Research on what could have happened during that period which led to the results of your horizontal analysis?arrow_forward[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year $ 27,970 80, 264 100,917 9,097 251,134 $ 469,382 Income tax expense Total costs and expenses Net income Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 116,876 90,891 163,500 98,115 $ 469,382 $ 372,220 189,161 10,373 7,933 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Current Year 1 Year Ago $ 31,400 58, 349 77,104 8,412 229,375 $ 404,640 Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 $ 610,197 $ 70,436 92,137 163,500 78,567 $ 404,…arrow_forward
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