Question

The following amounts are from Shimura Company’s financial statements at the end of the current year: total assets, $426,000; total liabilities, $172,000; owner’s equity, $254,000; net sales, $782,000; cost of goods sold, $486,000; operating expenses, $178,000; and withdrawals, $40,000. During the current year, total assets increased by $75,000. Total owner’s equity was affected only by net income and withdrawals. Compute the
(1) Profit margin,
(2) Asset turnover,
(3) Return on assets,
(4) Debt to equity ratio,
(5) Return on equity. (Round to one decimal place.)



$1.99
Sales12
Views534
Comments0
  • CreatedMarch 26, 2014
  • Files Included
Post your question
5000