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Calculate dyson asset turnover ratio

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Reference no: EM132779740

Dyson Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year-end amounted to $900,000.

a. Calculate Dyson's asset turnover ratio and its profit margin.

b. Show how the two ratios in Part(a)can be used to determine Dyson's rate of return on assets.

c. Dyson operation's industry average ratios are, as follows: Return on assets;11 %, Asset turnover :2.5 times, Net profit margin: 3.6%. Compare Dyson's performance against the industry averages,

Reference no: EM132779740

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