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Questions: Selected comparative statement data for Rawan Products Company. All balance sheet data are as of December 31. 2018 2017 Net sales $750,000 470,000 8,000 50,000 120,000 85,000 680,000 430,000 $730,000 440,000 5,000 42,000 100,000 75,000 600,000 325,000 Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity Requirements: 1- Compute the following ratios for 2018. (a) Profit margin. (b) Asset turnover. (c) Return on assets. (d) Return on common stockholders' equity.

Questions: Selected comparative statement data for Rawan Products Company. All balance sheet data are as of December 31. 2018 2017 Net sales $750,000 470,000 8,000 50,000 120,000 85,000 680,000 430,000 $730,000 440,000 5,000 42,000 100,000 75,000 600,000 325,000 Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity Requirements: 1- Compute the following ratios for 2018. (a) Profit margin. (b) Asset turnover. (c) Return on assets. (d) Return on common stockholders' equity.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 48CE
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Questions: Selected comparative statement data for Rawan Products Company. All balance sheet data are as of December 31 2018 2017 $750,000 470,000 8,000 50.000 Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity $730,000 440,000 5,000 42,000 120,000 85,000 680,000 430,000 100,000 75,000 600,000 325,000 Requirements: 1- Compute the following ratios for 2018. (a) Profit margin. (b) Asset turnover. (c) Return on assets. (d) Return on common stockholders' equity.
Transcribed Image Text:Questions: Selected comparative statement data for Rawan Products Company. All balance sheet data are as of December 31 2018 2017 $750,000 470,000 8,000 50.000 Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity $730,000 440,000 5,000 42,000 120,000 85,000 680,000 430,000 100,000 75,000 600,000 325,000 Requirements: 1- Compute the following ratios for 2018. (a) Profit margin. (b) Asset turnover. (c) Return on assets. (d) Return on common stockholders' equity.
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