Question: Metric Value Annual Sales $ 2 4 , 3 2 4 , 0 0 0 aQNet Income 2 , 9 7 5 , 0 0

Metric
Value
Annual Sales
$24,324,000
aQNet Income
2,975,000
Cost of Goods Sold
12,600,000
Total Assets
10,550,000
Inventory
2,875,000
Receivables
3,445,000
a. Perform the following calculations:
o Compute the profit margin.
o Compute the asset turnover ratio.
o Compute the return on assets ratio.
b. Discuss the similarities and differences between the ratios.

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