Selected comparative statement data for Slaymaker Products are presented below. All balance sheet data are as at
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Instructions
Calculate the following ratios for 2017.
(a) Gross profit margin
(b) Profit margin
(c) Asset turnover
(d) Return on assets
(e) Return on shareholders' equity
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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