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
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
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 | 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 |
| 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
Answer%
PreviousSave AnswersNext
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