Question
Question 9.1 (Total: 18 marks) The 2022 annual report of TatraTea Inc. contains the following information. Note the amount is in thousands of dollars. December
Question 9.1 (Total: 18 marks)
The 2022 annual report of TatraTea Inc. contains the following information. Note the amount is in thousands of dollars.
|
| December 31, 2022 | December 31, 2021 |
| Total assets | $1,071,348 | $787,167 |
| Total liabilities | 626,178 | 410,044 |
| Consolidated sales | 3,374,463 | 2,443,592 |
| Net income | 66,234 | 49,062 |
Required
Calculate the following ratios for TatraTea in 2022.
-
Asset turnover ratio
-
Rate of return on assets
-
Profit margin on sales
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Financial Accounting For Decision Makers
Authors: DeFond, Mark
3rd Edition
1618534432, 9781618534439
