Cheyenne Corp. reported net income. $28,000; net sales $420,000; and average assets $609,000 for 2017. What is the 2017 profit margin?
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- The 2017 annual report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 0000 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Instructions Compute the following ratios for Tootsie Roll for 2017. a. Asset turnover. b. Return on assets. c. Profit margin on sales. d. How can the asset turnover be used to compute the return on assets?Calculate the following ratios: return on equity, return on assets (levered), return on sales (levered), asset turnover, and financial leverage.Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018 2017 9,180 $ 8,990 $ 8,770 $ 8,550 Net income 520 500 460 400 Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year. Sales.... $ (Round your answers to the nearest percent.) Sales.. Net income.. 2020 % % 2019 % % 2018 % % 2017 100 % 100 %
- The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $690 $604 $470 $404 $398 152% 118% 102% 100% Trend percentages 173% Which of the following is a correct conclusion from the above analysis? OA. Net income for 2017 has decreased by 118% over that for 2015. OB. Net income for 2017 has increased by 118% over that for 2015. OC. Net income for 2017 has decreased by 18% over that for 2015. O D. Net income for 2017 has increased by 18% over that for 2015.Please given answer this questionThe following is data for 123 Corp: Book value, Dec 31 2016 Comprehensive income Dividends Required return 825 20% What is normal income for 2017? Round your answer to the nearest dollar (no decimal points) 2017 100 23 2018 150 32
