Question: Last bottom 2 are incorrect. Please help. Thank you Selected comparative statement data for Wildhorse Co. are presented below. All balance sheet data are as
Selected comparative statement data for Wildhorse Co. are presented below. All balance sheet data are as of December 31. 2022 2021 Net sales $1.171.000 $1,131,000 Cost of goods sold 711,000 651.000 Interest expense 26,000 21,000 Net income 160,427 151.000 Accounts receivable 151,000 131.000 Inventory 111.000 106,000 Total assets 791.000 700,000 Preferred stock (6%) 211.000 200,000 Total stockholders'equity 641.000 525.000 Compute the following ratios for 2022. (Round answers to 1 decimal place, es, 1.8 or 2.5%) 1 (a) Profit margin 13.7 X (b) Asset turnover 1.57 times 20.3 % c) Return on assets (d) Return on common stockholders' equity 373
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
