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Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,700,000 $8,100,000 Gross profit on sales 3,053,000
Ratios Analyzing Firm Profitability The following information is available for Buhler Company:
Annual Data | 2013 | 2012 |
---|---|---|
Net sales | $8,700,000 | $8,100,000 |
Gross profit on sales | 3,053,000 | 2,736,000 |
Net income | 667,600 | 588,000 |
Year-End Data | Dec. 31, 2013 | Dec. 31, 2012 |
---|---|---|
Total assets | $6,500,000 | $6,100,000 |
Stockholders' equity | 3,900,000 | 3,300,000 |
Calculate the following ratios for 2013:
Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage Answer
% b. Return on sales Answer% c. Asset turnover (Round answer to two decimal places.) Answer d. Return on assets Answer% e. Return on common stockholders' equity (Buhler Company has no preferred stock.) Answer%
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