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RVA Bowling as of December 31st 2019 RVA Bowling as of December 31st...

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Accounting

RVA Bowling as of December 31st 2019 RVA Bowling as of December 31st 2018
Net Sales $5,000,000.00 Net Sales $3,000,000.00
Variable Cost (75% of sales) $3,750,000.00 Variable Cost (75% of sales) $2,250,000.00
Gross profit $1,250,000.00 Gross profit $750,000.00
Fixed Cost $100,000.00 Fixed Cost $100,000.00
Earnings before interest, taxes dp and amort. $1,150,000.00 Earnings before interest, taxes dp and amort. $650,000.00
Depreciation $35,000.00 Depreciation $35,000.00
Net OP. Income (EBIT) $1,115,000.00 Net OP. Income (EBIT) $615,000.00
Interest $12,000.00 Interest $12,000.00
Earnings before taxes $1,103,000.00 Earnings before taxes $603,000.00
Taxes (40%) $441,200.00 Taxes (40%) $241,200.00
Net Income $661,800.00 Net Income $361,800.00
Find the following ratios
Inventory turnover
Total asset turnover
Net profit margin
Return on equity

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