Selected financial data for Squid Company are as follows: 2001 2000 1999 Summary of operations: Net sales
Question:
Selected financial data for Squid Company are as follows:
2001 2000 1999 Summary of operations:
Net sales $1,002,100 $980,500 $900,000 Cost of products sold 520,500 514,762 477,000 Selling, administrative, and general expenses 170,200 167,665 155,700 Nonoperating income 9,192 8,860 6,500 Interest expense 14,620 12,100 11,250 Earnings before income taxes 287,588 277,113 249,550 Provision for income taxes 116,473 113,616 105,560 Net earnings 171,115 163,497 143,990 Financial information:
Working capital $190,400 $189,000 $180,000 Average property, plant, and equipment 302,500 281,000 173,000 Average total assets 839,000 770,000 765,000 Average long-term debt 120,000 112,000 101,000 Average stockholders’ equity 406,000 369,500 342,000 Required
a. Compute the following for 2001, 2000, and 1999:
1. Net profit margin 5. Return on investment 2. Return on assets 6. Return on total equity 3. Total asset turnover 7. Sales to fixed assets 4. DuPont analysis
b. Discuss your findings in (a).
Step by Step Answer:
Financial Reporting And Analysis Using Financial Accounting Information
ISBN: 9780324023534
8th Edition
Authors: Charles H Gibson