Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2010 2009 2008 Net income $ 2,630 $ 2,100 $ 1,850 Net Sales 36,500 32,850 31,200 Total assets 400,000 385,000 350,000 From the information provided,
| 2010 | 2009 | 2008 |
Net income | $ 2,630 | $ 2,100 | $ 1,850 |
Net Sales | 36,500 | 32,850 | 31,200 |
Total assets | 400,000 | 385,000 | 350,000 |
From the information provided, calculate Orange profit margin ratio for each of the three years.Comment on the results, assuming that the industry average for the profit margin ratio is 6% for each of the three years. What is in your opinion is the analysis of the answer (What does these figures mean).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started