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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Core Concepts Of Accounting
Authors: Robert N. Anthony, Leslie Pearlman Breitner
8th Edition
0130406716, 9780130406712
