Selected comparative statement data for Slaymaker Products are presented below. All balance sheet data are as at

Question:

Selected comparative statement data for Slaymaker Products are presented below. All balance sheet data are as at December 31.

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Instructions

Calculate the following ratios for 2021.

a. Gross profit margin

b. Profit margin

c. Asset turnover

d. Return on assets

e. Return on shareholders? equity

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For  book-img-for-question

Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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