Question: Selected financial statement data for Martinez Company are presented below. Net sales $1,683,500 Cost of goods sold 735,000 Interest expense 11,900 Net income 235,690 Total
Selected financial statement data for Martinez Company are presented below.
| Net sales | $1,683,500 | |
| Cost of goods sold | 735,000 | |
| Interest expense | 11,900 | |
| Net income | 235,690 | |
| Total assets (ending) | 990,000 | |
| Total common stockholders' equity (ending) | 630,000 |
Total assets at the beginning of the year were $830,000; total common stockholders' equity was $520,000 at the beginning of the period.
(a)
Calculate asset turnover. (Round answer to 2 decimal places, e.g. 15.21%.)
| Asset turnover | enter the asset turnover in times rounded to 2 decimal places |
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(b)
Compute the profit margin. (Round answer to 1 decimal place, e.g. 0.2%.)
| Profit margin | enter the profit margin in percentages rounded to 1 decimal place % |
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(c)
Compute return on assets. (Round answer to 1 decimal place, e.g. 15.2%.)
| Return on assets | enter the return on assets in percentages rounded to 1 decimal place % |
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(d)
Compute return on common stockholder's equity. (Round answer to 1 decimal place, e.g. 15.2%.)
| Return on common stockholder's equity | enter the return on common stockholder's equity in percentages rounded to 1 decimal place % |
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