A summary of data from the income statements and balance sheets for Wesley Construction Supply, Inc., for
Question:
A summary of data from the income statements and balance sheets for Wesley Construction Supply, Inc., for 2011 and 2010 appears below.
REQUIRED
1. Compute the following profitability measures:
(a) Profit margin,
(b) Asset turnover,
(c) Return on assets,
(d) Cash flow yield,
(e) Cash return on assets,
(f) Debt to equity ratio,
(g) Return on equity. (Note: Round to one decimal place.)
2. Comment on the change in performance from 2010 to 2011.
Transcribed Image Text:
2010 $435,000 30,000 145,000 260,000 870,000 51,000 67,500 2011 Total assets Current liabilities Long-term liabilities Stockholders' equity Net sales Net income Cash flows from operating activities $ 580,000 45,000 200,000 335,000 1,150,000 75,000 82,500
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