Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $765,000
Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.
2017 2016
Net sales $765,000 $717,500
Cost of goods sold 479,000 439,000
Interest expense 6,100 4,000
Net income 52,500 41,500
Accounts receivable 120,500 107,500
Inventory 89,900 73,900
Total assets 581,600 504,900
Total common stockholders equity 430,400 327,200
Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6% .)
Profit margin ______ %
Asset turnover ________times
Return on assets _______%
Return on common stockholders equity ______ %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
