Piaggio, Polaris, and Arctic Cat are competitors in the global marketplace. Following are selected data from each
Question:
Piaggio, Polaris, and Arctic Cat are competitors in the global marketplace. Following are selected data from each company.
Required
1. Compute Piaggio’s return on total assets, and its components of profit margin and total asset turnover, for the most recent two years using the data provided.
2. Which of these three companies has the highest return on total assets? Highest profit margin? Highest total asset turnover? Interpret these results for the
(a) Current year
(b) Prioryear.
Transcribed Image Text:
Piaggio (Euro thousands) Polaris Arctic Cat Current One Year Two Years Current Prior Current Prior Prior Year Year Year Year Key Figure Year Prior Net income € 47,053€ 42,811 € 46,031 Total assets Profit margin Total asset turnover . 1,520184 1,545722 1,564820 8.6% 7.4% 28% 0.4 16% 2.3 2.18 79 81
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1 Piaggio Euro in thousands Return on total assets Net Income Average Total Assets Current Year 4705...View the full answer
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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