Question
S&J Plumbing, Incorporated's income statement shows a net profit before tax of $468 and net sales of $7,482 for 2010. Total assets are at $3,244.
S&J Plumbing, Incorporated's income statement shows a net profit before tax of $468 and net sales of $7,482 for 2010. Total assets are at $3,244. The balance sheet lists the company’s equity for fiscal year ending 2010 as $1,746.
Calculate the following ratios for this company:
Return on sales ratio (net profit margin)
Return on assets (ROA)
Return on equity (ROE)
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Return on sales Net profit sales 4687482 625 Return on Asset Net profit asset 4683...
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
