The following selected information is for H55 Corporation:Total assetsTotal shareholders' equitySalesCost of goods soldNet income.H55 had no preferred shares.ype here to search2021$357,000 $285,000136.000503.000378.759202032.69597,500394,000276.98229.9442019$267,00048,500297.000181,00020,400 Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equityratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6.Round asset turnover to 2 decimal places e.g. 6.21.)Gross profit marginProfit marginAsset turnoverReturn on assetsre to searchReturn on common shareholders' equityeTextbook and Media2021%%times%2020%%times%%13°C Partly cloudy

Gross profit takes into consideration only direct expenses whereas net profit takes into…

The following selected information is for H55 Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $357,000 136,000 503,000 378.759 32.695 2020 $285,000 97,500 394,000 276.982 29.944 2019 $267,000 48,500 297,000 181,000 20,400

The following selected information is for H55 Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $357,000 136,000 503,000 378.759 32.695 2020 $285,000 97,500 394,000 276.982 29.944 2019 $267,000 48,500 297,000 181,000 20,400

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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Question

The following selected information is for H55 Corporation:
Total assets
Total shareholders' equity
Sales
Cost of goods sold
Net income.
H55 had no preferred shares.
ype here to search
2021
$357,000 $285,000
136.000
503.000
378.759
2020
32.695
97,500
394,000
276.982
29.944
2019
$267,000
48,500
297.000
181,000
20,400

Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity
ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6.
Round asset turnover to 2 decimal places e.g. 6.21.)
Gross profit margin
Profit margin
Asset turnover
Return on assets
re to search
Return on common shareholders' equity
eTextbook and Media
2021
%
%
times
%
2020
%
%
times
%
%
13°C Partly cloudy

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