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Analysis of Financial Statement Data The following data were taken from the financial statements of The Mann Corporation. 2012 2013 Net sales Net income $1,500,000
Analysis of Financial Statement Data The following data were taken from the financial statements of The Mann Corporation. 2012 2013 Net sales Net income $1,500,000 $2,520,000 102,000 222,000 558,659 894,309 323,030 391,622 Total assets Shareholders' equity Required Calculate the following ratios for 2012 and 2013: 2012 2013 % % % % a. Return on equity (round to one decimal place) b. Return on assets (round to one decimal place) C. Return on sales (round to one decimal place) d. Total assets to shareholders' equity (financial leverage) (round to two decimal places) e. Asset turnover (round to two decimal places) % %
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