Paisley Corporation reported net sales of ($ 250,000), cost of goods sold of ($ 100,000), operating expenses

Question:

Paisley Corporation reported net sales of $\$ 250,000$, cost of goods sold of $\$ 100,000$, operating expenses of $\$ 50,000$, net income of $\$ 80,000$, beginning total assets of $\$ 500,000$, and ending total assets of $\$ 600,000$. Calculate each of these values:

(a) Return on assets ratio

(c) Gross profit rate

(b) Profit margin ratio

(d) Operating expenses to sales ratio

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