Shopper's World operates general merchandise and food discount stores in the United States. The company reported the
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Requirements
1. Compute net profit margin ratio for Shopper's World for the years ended December 31,
2015, and December 31, 2014.
2. Compute asset turnover for Shopper's World for the years ended December 31, 2015, and December 31, 2014.
3. Compute return on assets for Shopper's World for the years ended December 31, 2015, and December 31, 2014.
4. What factors contributed to the change in return on assets during the year?
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.
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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