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The comparative financial statements for Prince Company are below Year 2 Income statement: Sales revenue 5228,000 176,500 21,500 Cost of goods sold 03,800 Gross proft
The comparative financial statements for Prince Company are below Year 2 Income statement: Sales revenue 5228,000 176,500 21,500 Cost of goods sold 03,800 Gross proft Operating expenses and Interest expense 06,500 72,700 54,900 59,800 Pretax Income 17,800 5,900 S 34,90011,900 46,700 Income tax 11,800 Net Income Balance sheet 5 7,800 S8,900 15.900 Cash Accounts recelvable (net) Inventory 9,900 43,800 40,000 Property and equipment (net) 50,700 41,800 118,200 000 18,900 Total assets Current labllitles (no Interest) Long-term liabilities (12% interest) Common stock ($5 par value, 7,900 shares S 17,900 46.900 46.900 39,500 39,500 13,900 5,300 Retained earnings Total lab ties and stockholders equity Section Break P13-6 Computing Comparative Financlal Statements and Dupont Ratios LO 13-3, 13-4 13-5 value: 10.00 points P13-6 Part 2 2. Compute the ratios in the DuPont model for Year 2. (Round your answers to 2 decimal places.) Return orn Return orn assets Total asset turnover Net profit
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