Styles, Inc., a clothing manufacturer, reported the information given below over a three-year period. (a) Compute the
Question:
Styles, Inc., a clothing manufacturer, reported the information given below over a three-year period.
(a) Compute the firm’s profit margin, asset turnover, day’s sales in inventory, fixed asset turnover, and return on assets for each year shown.
(b) Discuss the company’s operating strategy over this timeperiod.
Transcribed Image Text:
2005 2004 Sales Net income Total assets Inventory Cost of goods sold Fixed assets $ 9,000 1,683 20,036 1,500 5,500 4,000 6,000 852 10,650 960 3,500 2,500 2003 $3,000 288 3,692 500 1,800 1,500
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a 2005 2004 2003 Profit margin 187 1683 9000 142 852 6000 96 288 3000 Asset turnover 449 9000 20036 ...View the full answer
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Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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