Wolastoq Corp. reported the following ratios for 2015 and 2014: (a) Is Wolastoq's profitability improving or deteriorating?
Question:
(a) Is Wolastoq's profitability improving or deteriorating?
(b) What is the key reason driving the change in Wolastoq's return on common shareholders' equity in 2015? Explain.
Transcribed Image Text:
2015 2014 Return on common shareholders equity Return on assets Debt to total assets Profit margin Asset turnover 8.6% 7.4% 13.8% 370% 0.2 times 13.6% 11.8% 13.8% 58.8% 0.2 times
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a The Wolastoqs profitability is deteriorating b Its return on common s...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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