Question: Elm Company had total assets of 640 000 in 2012 680 000
Elm Company had total assets of $640,000 in 2012, $680,000 in 2013, and $760,000 in 2014. In 2013, Elm had net income of $77,112 on revenues of $1,224,000. In 2014, it had net income of $98,952 on revenues of $1,596,000. Compute the profit margin, asset turnover, and return on assets for 2013 and 2014. Comment on the apparent cause of the increase or decrease in profitability. (Round to one decimal place.)
Answer to relevant QuestionsUsing the data from the financial statements of Stanford, Inc., that follow compute the company’s cash flow yield, cash flows to sales, cash flows to assets, and free cash flow. (Round to one decimal place.)Net sales ...Davis Corporation, a clothing retailer, engaged in the transactions that follow. Opposite each transaction is a ratio and space to mark the effect of each transaction on the ratio.RequiredShow that you understand the effect ...Data for Obras Corporation in 2014 and 2013 follow. These data should be used in conjunction with the data in P1.In P1, Obras Corporation’s condensed comparative income statements and comparative balance sheets for 2014 ...Indicate whether each of the following characteristics relates to managerial accounting (MA) or financial accounting (FA):a. Forward lookingb. Publicly reportedc. Complies with accounting standardsd. Usually confidentiale. ...Incomplete inventory and income statement data for Gator Corporation follow. Determine the missingamounts.
Post your question