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The following information is available for the Buhler Company: thought I calculated the asset turnover, return on assets and return on common stockholder equity properly!
The following information is available for the Buhler Company:
thought I calculated the asset turnover, return on assets and return on common stockholder equity properly! where did i go wrong please?
QUESTION 5 Partially correct Mark 4.00 out of 10.00 Ratios Analyzing Firm Profitability The following information is available for Buhler Comp Annual Data 2016 2015 Net sales $8,600,000 $8,200,000 Gross profit on sales 3,050,000 2,736,000 567,600488,000 Net income Year-End Data Dec. 31, 2016 Dec. 31, 2015 $6,500,000 $6,000,000 Stockholders' equity4,000,000 3,200,000 Total assets Calculate the following ratios for 2016: Round answers to one decimal place, unless otherwise a. Gross profit percentage 35.5 % b. Return on sales c. Asset turnover (Round answer to two decimal places.) 35.5 b. Return on sales 6.6 c. Asset turnover (Round answer to two decimal places.) 1.32x d. Return on assets 8.7 x % e. Return on common stockholders' equity (Buhler Company h stock.) 14.2 x 96 Check You have correctly selected 2. Partlally correct Marks for this submission: 4.00/10.00Step by Step Solution
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