Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping All In One For Dummies

Authors: Consumer Dummies

1st Edition

1119094216, 978-1119094210

More Books

Students also viewed these Accounting questions

Question

2. Find five metaphors for communication.

Answered: 1 week ago