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The following are extracted from the financial statements of FSA, Inc., for 2019, 2018, and 2017. 2017 --- Net sales Cost of sales Selling and
The following are extracted from the financial statements of FSA, Inc., for 2019, 2018, and 2017. 2017 --- Net sales Cost of sales Selling and administrative expenses 2019 $233,000 (124,000) (95,000) 2018 $204,000 (110,000) (81,500) (3,700) Other income: Interest : Other Earnings before tax and extraordinary credit Provision for income tax Earnings before extraordinary credit Extraordinary credit 100 $ 10,400 (4,800) 5,600 (3,050) 1.175 $ 10,625 (4.740) 5,885 1,510 $ $ 7,395 $ 5,600 $ $202,000 $173,000 $161.000 24,600 17,400 15,200 Total assets Long-term debt Common equity Preferred stock Preferred dividends 123,000 116.800 112,800 4,000 4,000 4,000 280 280 280 Required: Compute the following ratios for 2019 and 2018. Match the correct answer to each ratio. There are more possible answers than ratios so some answers will not be selected and no answer should be selected more than once. Net profit margin 2019 Net profit margin 2018 B. 1.20 Total asset turnover 2019 C. 1.22 A 2.81% Total asset turnover 2018 D. 46.58% Return on assets 2019 E. 1.24 Return on assets 2018 F. 4.8896 Return on investment 2019 Return on investment 2018 G. 4.44% H. 4.52% 1. 5.24% Return on total equity 2019 12.88% K. 5.61% Return on total equity 2018 Return on common equity 2019 Return on common equity 2018 Gross profit margin 2019 Gross profit margin 2018 L. 46.78% M.5.35% N. 3.739 0.2.99% P. 3.52% Q. 46.08% R. 46.34% S. 4.95% T. 4.25% U. 2.4096
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