Yahoo* included these statements in its 2008 annual report:
Required
a. Compute the following for 2009 and 2008:
1. Net profit margin
2. Total asset turnover (use year-end total assets)
3. Return on assets (use year-end total assets)
4. Operating income margin
5. Return on operating assets (use year-end operating assets).
6. Sales to fixed assets (use year-end operating assets)
7. Return on total equity (use year-end total equity)
8. Gross profit margin
b. Comment on the trends in (a)
1. Prepare a horizontal common-size consolidated statement of operations for 2006–2008. Use 2006 as the base.
2. Comment on the results in (1).