Current Attempt in Progress You are considering investing in the grocery sector and have identified two companies for further analysis. Financial information for the two companies is as follows: (in thousands) Company Crane Company Cullumber Sales $1,940,000 $1,750,000 Cost of goods sold 1,746,000 1,505,000 Net income 103,000 99,000 Average inventory 151,000 218,000 Average total assets 786,000 755,476 (a) Calculate and compare the following ratios for the two companies: (Round inventory turnover to 2 decimal places, e.g. 15.25 and other answers to 1 decimal place, e.g. 18.4 or 15.3%.) i. Return on assets Homework Assignment Question 10 of 30 > Company Crane Company Cullumber Return on assets % Gross margin Profit margin Inventory turnover % % times % di % % times Days to sell inventory days days -/1
Current Attempt in Progress You are considering investing in the grocery sector and have identified two companies for further analysis. Financial information for the two companies is as follows: (in thousands) Company Crane Company Cullumber Sales $1,940,000 $1,750,000 Cost of goods sold 1,746,000 1,505,000 Net income 103,000 99,000 Average inventory 151,000 218,000 Average total assets 786,000 755,476 (a) Calculate and compare the following ratios for the two companies: (Round inventory turnover to 2 decimal places, e.g. 15.25 and other answers to 1 decimal place, e.g. 18.4 or 15.3%.) i. Return on assets Homework Assignment Question 10 of 30 > Company Crane Company Cullumber Return on assets % Gross margin Profit margin Inventory turnover % % times % di % % times Days to sell inventory days days -/1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Current Attempt in Progress
You are considering investing in the grocery sector and have identified two companies for further analysis. Financial information for
the two companies is as follows:
(in thousands)
Company
Crane
Company
Cullumber
Sales
$1,940,000
$1,750,000
Cost of goods sold
1,746,000
1,505,000
Net income
103,000
99,000
Average inventory
151,000
218,000
Average total assets
786,000
755,476
(a) Calculate and compare the following ratios for the two companies: (Round inventory turnover to 2 decimal places, e.g. 15.25 and other
answers to 1 decimal place, e.g. 18.4 or 15.3%.)
i.
Return on assets
Homework Assignment
Question 10 of 30
>
Company Crane
Company Cullumber
Return on assets
%
Gross margin
Profit margin
Inventory turnover
%
%
times
%
di
%
%
times
Days to sell inventory
days
days
-/1
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