Question
QUESTION 5 Below is selected financial information from the 10-K for All Food Inc. Selected Accounts FY 2021 FY 2020 Net Income $9,453 $8,389 Average
QUESTION 5
| Below is selected financial information from the 10-K for All Food Inc. | ||||||
| Selected Accounts | FY 2021 | FY 2020 | ||||
| Net Income | $9,453 | $8,389 | ||||
| Average Total Assets | $56,721 | $67,982 | ||||
| Net Sales | $154,789 | $175,321 | ||||
A. Please calculate the DuPont Return on Assets for both fiscal years (5%) Please show your work for full points.
B. Is the company's manager performing a great job of managing the company efficiently? Please explain. (15%)
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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics
Authors: Jay Thibodeau, Deborah Freier
4th edition
78025567, 978-0078025563
