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Please solve 3-a. Computer Tycoon reported average net fixed assets of $54,900 in 2013 and $45,800 in 2012. Compute the fixed asset turnover ratios for
Please solve 3-a. Computer Tycoon reported average net fixed assets of $54,900 in 2013 and $45,800 in 2012. Compute the fixed asset turnover ratios for both years. (Round your answers to 2 decimal places.) 4-a. Computer Tycoon reported average stockholders equity of $54,700 in 2013 and $41,500 in 2012. Compute the return on equity ratios for both years. (Round your answers to 1 decimal place.)
Accondng to the procucar prica Index databasa maintalned by the Bureau of Lebor Statistics, the avaraga coet of computer equipmem tell 4.8 percent between 2012 and 2013. Lers see whether these changee are renlected in the ircome stecemen of Computer Tycoon Inc. for the year ended Decermber 31, 2013. 3ales Reverue Cos Gcode Sok 107 000 $130,500 63,500 71,300 Gruss Prafit Seling. Gneral, an Administrativ Expensrs 36,70 n.400 Intomst Exparso 43,500 58.2CO STO Income betore Income Tax Expanse Income Tax Expene 6230 17,280 5,700 1,500 Nei Incane 3 4,730 11.590 Required: 1-a Camp thr grass profr percentage frr earh year. (Round your answers to 1 decimal place.) 1-b. Assuming that thR change fram 2012n 201 3 is thn tnanning ni sustainart trend. s Camal ter Tycoon llkely toearn more or lass gross proht trom eech colar of sa es In 2014? More Gruss Prafi Less Gross Profit 2-a. Camal.! thn nnt profitmann for each year. (Round your answers to 1 decimal place.)Step by Step Solution
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