Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data Current Year Previous Year Net sales $8,800,000 $8,200,000 Gross profit on sales 3,053,000 2,736,000 Net income 567,600 488,000     Dec. 31, Dec. 31, Year-End Data Current Year Previous Year Total assets $6,700,000 $6,300,000 Stockholders' equity 3,800,000 3,200,000 Calculate the following ratios for the current year:  Note: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage Answer% b. Return on sales Answer% c. Asset turnover (Round answer to two decimal places.) Answer d. Return on assets Answer% e. Return on common stockholders' equity (Buhler Company has no preferred stock.) Answer% PreviousSave AnswersNext

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Ratios Analyzing Firm Profitability
The following information is available for Buhler Company:

Annual Data Current Year Previous Year
Net sales $8,800,000 $8,200,000
Gross profit on sales 3,053,000 2,736,000
Net income 567,600 488,000

 

  Dec. 31, Dec. 31,
Year-End Data Current Year Previous Year
Total assets $6,700,000 $6,300,000
Stockholders' equity 3,800,000 3,200,000


Calculate the following ratios for the current year: 

NoteRound answers to one decimal place, unless otherwise noted.

a. Gross profit percentage
Answer%

b. Return on sales
Answer%

c. Asset turnover (Round answer to two decimal places.)
Answer

d. Return on assets
Answer%

e. Return on common stockholders' equity (Buhler Company has no preferred stock.)
Answer%

PreviousSave AnswersNext
 
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