Ratios Analyzing Firm Profitability The following information is available for Buhler Company: ...
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Accounting
Ratios Analyzing Firm Profitability The following information is available for Buhler Company:
Annual Data
2013
2012
Net sales
$10,200,000
$9,600,000
Gross profit on sales
3,053,000
2,736,000
Net income
567,600
488,000
Year-End Data
Dec. 31, 2013
Dec. 31, 2012
Total assets
$8,100,000
$7,700,000
Stockholders' equity
3,800,000
3,200,000
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%
Answer & Explanation
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