perform ratio

final assignment

Arial LE Paste Wrap Text General BIU Merge & Center - S ., Clipboard Alloyment Conditional Format Formatting as Table Styles Sty Number B90 H I F G Income Statement For the Year Ended December 31 / Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income TO 21 TILL 2014 $740,000 40,000 700,000 420,000 280,000 238,000 $42,000 2013 $700,000 60,000 640,000 400,000 240,000 208,000 $32,000 / / $4.00 $5.00 and $8.00 Additional information: 1. The market price of Clarence's common stock was for 2012, 2013, and 2014, respectively. 2. All dividends were paid in cash. Instructions: (a) Compute the following ratios for 2013 and 2014. (a) (1) Profit margin. 2013 2014 P14-3 Analysis Sheet2 Sheet3 General- Center S c Paste BIU Clipboard B90 AA B onditional Format Formatting as Tables Styles For Number I J K L 42 Instructions: (a) Compute the following ratios for 2013 and 2014 (a) (1) Profit margin 2013 2014 (a) (2) Asset turnover. 2013 times 2014 times 32,000 and in 2013 were (a) (3) Earnings per share. (Weighted average common shares in 2014 were 31,000 2013 2014 144 H P 14-3 Analysis Sheet2 Sheet3 Ready Desktop Libraries Mrs.Lissa