Use the financial statements of CoCo Roofers Inc. 1. Compute these profitability measures for 2014: a. Rate

Question:

Use the financial statements of CoCo Roofers Inc.

1. Compute these profitability measures for 2014:

a. Rate of return on net sales.

b. Rate of return on total assets. Interest expense for 2014 was $0.6 million.

c. Rate of return on common shareholders' equity.

2. Are these rates of return strong or weak? Explain.

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...