Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ivanhoe Corp. selected financial data 2022-2024 (in 000`s) 2024 2023 2022 Sales Revenue $112,000 $90,000 $84,000 Net Income 8,736 5,940 4,872 Total Assets 168,000 135,000

Ivanhoe Corp. selected financial data 2022-2024 (in 000`s)

2024 2023 2022
Sales Revenue $112,000 $90,000 $84,000
Net Income 8,736 5,940 4,872
Total Assets 168,000 135,000 73,440
Total Liabilities 127,300 94,300 42,740
Total Shareholders Equity 40,700 40,700 30,700

Using the above data calculate the following 3 ratios for Ivanhoe Corp. for 2024 and 2023. (Round answers to 1 decimal place, e.g. 15.2%.)

2024 2023
Profit margin enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %
Return on assets enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %
Return on equity enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %

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

Auditing

Authors: Karla M. Johnstone, Audrey A. Gramling, Larry E. Rittenberg

8th International Edition

0538477660, 978-0538477666

More Books

Students also viewed these Accounting questions