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Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $9,000,000 $8,400,000 Gross profit on sales 3,453,000
Ratios Analyzing Firm Profitability The following information is available for Buhler Company:
Annual Data | 2013 | 2012 |
---|---|---|
Net sales | $9,000,000 | $8,400,000 |
Gross profit on sales | 3,453,000 | 3,136,000 |
Net income | 567,600 | 488,000 |
Year-End Data | Dec. 31, 2013 | Dec. 31, 2012 |
---|---|---|
Total assets | $6,900,000 | $6,500,000 |
Stockholders' equity | 3,800,000 | 3,200,000 |
Calculate the following ratios for 2013:
Note: 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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