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.)

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 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.)
Answer

 

%

 

 
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