Question
Selected data for Katan, Inc. at 12/31/21 is as follows: 12/31/20 12/31/21 Total assets $930,900 $920,100 Total liabilities 197,100 208,600 Net sales 515,700 517,400 Net
Selected data for Katan, Inc. at 12/31/21 is as follows:
12/31/20 12/31/21
Total assets $930,900 $920,100
Total liabilities 197,100 208,600
Net sales 515,700 517,400
Net income 80,700 67,200
On the next page, compute the following ratios:
(a) Asset turnover
(b)Return on assets
(c)Profit margin on sales
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
