Selected comparative statement data for the Ivanhoe Inc. are presented below. All balance sheet data are...

 

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Selected comparative statement data for the Ivanhoe Inc. are presented below. All balance sheet data are as of the end of the fiscal year (in thousands). Net sales Cost of goods sold Profit for the year Accounts receivable (net) Inventory. Total assets Total common shareholders equity 2024 $5,037 3,579 77 81 1.191 2,996 919 2023 $5,214 3,649 137 108 1,337 3,238 1,072 Calculate the following ratios for 2024. (Round asset turnover to 2 decimal places, eg. 15.25 and other answers to 1 decimal place, eg. 52.7%) a. b. C. d. e. Profit margin Asset turnover Return on assets Return on common shareholders' equity Gross profit margin 2024 % times * * % Selected comparative statement data for the Ivanhoe Inc. are presented below. All balance sheet data are as of the end of the fiscal year (in thousands). Net sales Cost of goods sold Profit for the year Accounts receivable (net) Inventory. Total assets Total common shareholders equity 2024 $5,037 3,579 77 81 1.191 2,996 919 2023 $5,214 3,649 137 108 1,337 3,238 1,072 Calculate the following ratios for 2024. (Round asset turnover to 2 decimal places, eg. 15.25 and other answers to 1 decimal place, eg. 52.7%) a. b. C. d. e. Profit margin Asset turnover Return on assets Return on common shareholders' equity Gross profit margin 2024 % times * * %

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Using the given data lets calculate each ratio a Profit margin Profi... View the full answer