Question
Selected information taken from the 2014 annual report of Aardvark Company follows. During 2014, the company had no nonoperating or nonrecurring items included in income
Selected information taken from the 2014 annual report of Aardvark Company follows. During 2014, the company had no nonoperating or nonrecurring items included in income and had no outstanding preferred stock.
($in 000,000) 2014 2013
Sales $19,903 $18,781
Interest expense 130 169
Net Income 1,153 1,088
Total Assets 12,673 12,461
Dividends (153) (131)
Equity $4,288 $4,007
Tax rate 35% 35%
Industry ROA 7.32%
Industry operating profit margin 6.10%
Required:
A. For 2014, calculate: ROA (Return on Assets), ROCE (Return on Equity), operating profit margin, and asset turnover. Round your percentage answers to one decimal place.
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