Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

based on google from 2017 Normal No Spacing Heading He aste BIU A. Compute or identify the following profitability ratios of the assigned company for

based on google from 2017 image text in transcribed
Normal No Spacing Heading He aste BIU A. Compute or identify the following profitability ratios of the assigned company for the years ending December 31, 20XX and December 31, 20XX: 1. Profit margin ratio. Year 2017 26,146/110,855-23.4 2. Return on total assets (Hint: You will need to find total assets at year-end for 20XX). Year 2017 12,662/197,295-4.4% 3. Return on common stockholders' equity (Hint: You will need to find total stockholder's equity at year-end for 20XX). Year 2017 197,295-44,973=152,502 4. Basic net income per common share, 12,662/ Based on the results obtained above, what conclusions can you make about The company's efforts to control costs? The company's efficient use of assets? The company's overall profitability . B. Sustainability Practices and Ethical Decision Making Describe the sustainability or environmental practices noted by the company 1. As an accountant for the company, how do the sustainability policies of this company impact its financial statements? Discuss the potential impact on future sales, expenses, and share price. 2. Do you believe that the company is doing enough to minimize its impact on the environment? Why or why not? 3. What more do you think this company should do in the area of socially responsibility? What costs and benefits would be involved in these initiatives? Normal No Spacing Heading He aste BIU A. Compute or identify the following profitability ratios of the assigned company for the years ending December 31, 20XX and December 31, 20XX: 1. Profit margin ratio. Year 2017 26,146/110,855-23.4 2. Return on total assets (Hint: You will need to find total assets at year-end for 20XX). Year 2017 12,662/197,295-4.4% 3. Return on common stockholders' equity (Hint: You will need to find total stockholder's equity at year-end for 20XX). Year 2017 197,295-44,973=152,502 4. Basic net income per common share, 12,662/ Based on the results obtained above, what conclusions can you make about The company's efforts to control costs? The company's efficient use of assets? The company's overall profitability . B. Sustainability Practices and Ethical Decision Making Describe the sustainability or environmental practices noted by the company 1. As an accountant for the company, how do the sustainability policies of this company impact its financial statements? Discuss the potential impact on future sales, expenses, and share price. 2. Do you believe that the company is doing enough to minimize its impact on the environment? Why or why not? 3. What more do you think this company should do in the area of socially responsibility? What costs and benefits would be involved in these initiatives

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Curriculum Auditing

Authors: Fenwick W. English

1st Edition

0877625921, 978-0877625926

More Books

Students also viewed these Accounting questions