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Table 2-1 Income Statement and Balance Sheet for Sams Appliances Income Statement Years Ending 12/31/05 & 12/31/06 $(000) Balance Sheet As of 12/31/05 and 12/31/06

Table 2-1 Income Statement and Balance Sheet for Sams Appliances

Income Statement

Years Ending 12/31/05 & 12/31/06

$(000)

Balance Sheet

As of 12/31/05 and 12/31/06

$(000)

Years

Years

ACCOUNT

2005

2006

CATEGORY

2005

2006

Net Sales

$441

462

Current Assets

$ 94

$ 111

Cost of Goods Sold

200

235

Fixed Assets

208

195

Gross Profit

$241

$227

Total Assets

$ 302

$ 306

Operating Expenses

163

181

Liabilities and Owners Equity.

EBIT

$ 78

$ 46

Current Liabilities

$ 79

$ 87

Interest

7

8

Total Long-Term Debt

77

70

EBT

$ 71

$ 38

Total Liabilities

$ 156

$157

Taxes

18

10

Owners Equity

146

149

Net Profit

$ 53

$ 28

Total Liabilities & OE

$ 302

$ 306

Refer to Table 2-1. The fixed asset turnover ratio for 2005 was approximately?

Refer to Table 2-1. The fixed asset turnover ratio for 2006 was approximately?

Refer to Table 2-1. The total asset turnover ratio for 2005 was approximately?

Refer to Table 2-1. The total asset turnover ratio for 2006 was approximately?

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