Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. Instructions Compute the following ratios
Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.
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Instructions
Compute the following ratios for 2015.
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on common stockholders’equity.
2015 $750,000 480,000 2014 S720,000 440,000 Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity 7,000 5,000 45,000 120,000 85,000 580,000 430,000 42,000 100,000 75,000 500,000 325,000
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