Data for The Athletic Attic are provided in P124B. Earnings per share for the year ended December
Question:
Data for The Athletic Attic are provided in P12–4B. Earnings per share for the year ended December 31, 2024, are $1.36. The closing stock price on December 31, 2024, is $22.42.
Data from in P12-4B
The following income statement and balance sheets for The Athletic Attic are provided.
Required:
Calculate the following profitability ratios for 2024:
1. Gross profit ratio.
2. Return on assets.
3. Profit margin.
4. Asset turnover.
5. Return on equity.
6. Price-earnings ratio.
Transcribed Image Text:
THE ATHLETIC ATTIC Income Statement For the year ended December 31, 2024 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $1,600,000 210,000 50,000 360,000 $8,900,000 5,450,000 3,450,000 2,220,000 $1,230,000
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Gross profit ratio Gross Profit Net Sales x 100 3450000 8900000 x 100 3876 Return on ...View the full answer
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