Question
Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2013 2012...
Ratios Analyzing Firm Profitability
The following information is available for Buhler Company:
| Annual Data | 2013 | 2012 |
|---|---|---|
| Net sales | $8,900,000 | $8,300,000 |
| Gross profit on sales | 3,353,000 | 3,036,000 |
| Net income | 567,600 | 488,000 |
| Year-End Data | Dec. 31, 2013 | Dec. 31, 2012 |
|---|---|---|
| Total assets | $6,800,000 | $6,400,000 |
| Stockholders' equity | 3,800,000 | 3,200,000 |
Calculate the following ratios for 2013:
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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