Refer to Remingtons financial statements in Exercise 12-65 and the information below. Statement Item January 1, 2010

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Refer to Remington’s financial statements in Exercise 12-65 and the information below.
Statement Item January 1, 2010 (In Thousands)
Total assets ............... $3,485,233
Total stockholders’ equity ......... 2,083,122

Required:
1. Compute the five profitability ratios (in percentage terms, rounded to two decimal places) for 2010 and 2011.
2. Explain what these ratios suggest about Remington’s profitability. Indicate what other information you would like to know to further assess Remington’s profitability.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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