Solution-Compute the profit margin and return on assets

Compute the profit margin and return on assets

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Reference no: EM131818053

Question - Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.

	2017	2016
Net sales	$763,000	$722,500
Cost of goods sold	483,500	442,500
Interest expense	7,500	4,300
Net income	50,500	42,000
Accounts receivable	119,000	100,000
Inventory	89,300	73,300
Total assets	583,400	499,800
Total common stockholders' equity	430,400	320,600

Compute the following ratios for 2017.

Profit margin

Asset turnover

Return on assets

Return on common stockholders' equity

Reference no: EM131818053

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Compute the profit margin and return on assets

Reference no: EM131818053

Reference no: EM131818053

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