The financial statements of Anglo American Platinum Limited (Amplats) are presented in Appendix B, following the financial statements for Eastern Platinum Limited (Eastplats) in Appendix A Instructions (a) Based on the information in these financial statements, calculate the following ratios for ea...

a b Based on profit margin we can see that Amplats is more profitable than Eastplats Amplats profit ...

The financial statements of Anglo American Platinum Limited (Amplats) are presented in Appendix B, following the financial

Question:

The of Anglo American Platinum Limited (Amplats) are presented in Appendix B, following the for Eastern Platinum Limited (Eastplats) in Appendix A.
Instructions
(a) Based on the information in these calculate the following ratios for each company for 2010, its most recent fiscal year:
1. Profit margin
2. Return on assets
3. Industry averages for the above three ratios are as follows: profit margin, 6.2%; return on assets, 3.9%; and 0.6 times. What conclusions about the management of assets can be drawn from your results in (a) and these data?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.