Question
Q: Selected information taken from the 2014 annual report of Aardvark Company follows. During 2014, the company had no nonoperating or nonrecurring items included in
Q:Selected information taken from the 2014 annual report of Aardvark Company follows. During 2014, the company had no nonoperating or nonrecurring items included in income and had no outstanding preferred stock.
($in 000,000)20142013
Sales$19,903$18,781
Interest expense130169
Net Income1,1531,088
Total Assets12,67312,461
Dividends(153)(131)
Equity$4,288$4,007
Tax rate35%35%
Industry ROA7.32%
Industry operating profit margin6.10%
Required:
A.For 2014, calculate: ROA (Return on Assets), ROCE (Return on Equity), operating profit margin, and asset turnover. Round your percentage answers to one decimal place.
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