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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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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