Question
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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