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2) Selected financial statement data for Puig Company are presented below. Net sales $1,500,000 Cost of goods sold 700,000 Interest expense 10,000 Net income 205,000
2) Selected financial statement data for Puig Company are presented below.
Net sales $1,500,000
Cost of goods sold 700,000
Interest expense 10,000
Net income 205,000
Total assets (ending) $900,000
Total common stockholders' equity (ending) $600,000
Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period. Instructions: Compute each of the following:
(a) Asset turnover
(b) Profit margin
(c) Return on assets
(d) Return on common stockholders' equity
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