Compute four ratios that measure Lansbury's ability to earn profits. The company's comparative income statement follows. The
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Did the company's operating performance improve or deteriorate during 2012?
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Lansbury Comparative Income Statement Years Ended December 31, 2012, 2011, and 2010 Dollars in thousands) Net s Cost of goods Selling and administrative expenses Interest expense Income tax expense Net i 2012 2011 2010 S116,650 $139,250 65,000 58,000 21,000 24,000 10,000 11,000 35,110 16,331 $11,140 Additional data: Total a Common stockholders' equity Preferred divi Common shares outstanding during the year S202,000 $191,000 $178,000 S 89,000 $ 89,000 61,000 S 3,070 $ 3,070 - 14,900 14,900 14,000
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a Rate of return on net sales 2012 16331 1400 2011 111...View the full answer
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