The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,700,000 $8,100,000 Gross profit on sales 3,053,000 2,736,000 Net income 667,600 588,000 Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $6,500,000 $6,100,000 Stockholders' equity 3,900,000 3,300,000 Calculate the following ratios for 2013: 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.)
The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,700,000 $8,100,000 Gross profit on sales 3,053,000 2,736,000 Net income 667,600 588,000 Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $6,500,000 $6,100,000 Stockholders' equity 3,900,000 3,300,000 Calculate the following ratios for 2013: 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.)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.5.3MBA
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Ratios Analyzing Firm Profitability
The following information is available for Buhler Company:
| Annual Data | 2013 | 2012 |
|---|---|---|
| Net sales | $8,700,000 | $8,100,000 |
| Gross profit on sales | 3,053,000 | 2,736,000 |
| Net income | 667,600 | 588,000 |
| Year-End Data | Dec. 31, 2013 | Dec. 31, 2012 |
|---|---|---|
| Total assets | $6,500,000 | $6,100,000 |
| 3,900,000 | 3,300,000 |
Calculate the following ratios for 2013:
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
Answer
%
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