Question
Chapter 13 Ex2 #3 Following are data for BioBeans and GreenKale, which sell organic produce and are of similar size. BioBeans GreenKale Average total assets
Chapter 13 Ex2 #3
Following are data for BioBeans and GreenKale, which sell organic produce and are of similar size.
| BioBeans | GreenKale | |
|---|---|---|
| Average total assets | $ 207,500 | $ 162,000 |
| Net sales | 90,000 | 32,400 |
| Net income | 10,375 | 3,000 |
1a. Compute the profit margin for both companies. using Numerators, and denominators 1b. Compute the return on total assets for both companies. 2. Based on the analysis of these two measures, which company is the preferred investment?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
