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Analysis of Financial Statement Data The following data were taken from the financial statements of The Amphlett Corporation. 2012 2013 Net sales $150,860 $165,585
Analysis of Financial Statement Data The following data were taken from the financial statements of The Amphlett Corporation. 2012 2013 Net sales $150,860 $165,585 Net income 28,765 32,340 Total assets 211,225 232,440 Shareholders' equity 101,975 121,165 Required Calculate the following ratios for 2012 and 2013: a. Return on equity (round to one decimal place) 2012 2013 0% 0% b. Return on assets (round to one decimal place) 0% 0 % c. Return on sales (round to one decimal place) 0% 0% d. Total assets to shareholders' equity (financial leverage) (round to two decimal places) e. Asset turnover (round to two decimal places) 0 0 0 0
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