Question

Using the information for Vision, Inc., in SE4 and SE5, compute the profit margin, asset turnover, and return on assets for 2013 and 2014. In 2012, total assets were $200,000. Comment on the results. (Round to one decimal place.)
In SE4, Vision, Inc.’s comparative income statements follow. Compute the amount and percentage changes for the income statements, and comment on the changes from 2013 to 2014. (Round the percentage changes to one decimal place.)


In SE5, Vision, Inc.’s comparative balance sheets follow. Prepare common-size statements and comment on the changes from 2013 to 2014. (Round to one decimalplace.)


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  • CreatedMarch 26, 2014
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