Selected comparative statement data for Bluesky Corporation are presented below All balance sheet data are as at December 31 Calculate the following for 2024 (a) Asset turnover, (b) Return on assets, (c) Return on equity Net sales Profit for the year Total assets Total common shareholders' equity 2024 $750,000 60,000 600,000 450,000 2023 $720,000 42,000 500,000 310,000

Question: Selected comparative statement data for Bluesky Corporation are presented below. All balance sheet data are as at December 31. Calculate the following for 2024: (a)

Selected comparative statement data for Bluesky Corporation are presented below. All balance sheet data are as at December 31.

Net sales Profit for the year Total assets Total common shareholders' equity

Calculate the following for 2024:

(a) Asset turnover,

(b) Return on assets,

Net sales Profit for the year Total assets Total common shareholders' equity 2024 $750,000 60,000 600,000 450,000 2023 $720,000 42,000 500,000 310,000

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