Question
The following selected information is for Bellevue Corporation: 2021 2020 2019 Total assets $352,000 $267,000 $285,000 Total shareholders equity 135,000 97,500 54,500 Sales 492,000 404,000
The following selected information is for Bellevue Corporation:
2021 2020 2019
Total assets | $352,000 | $267,000 | $285,000 | ||||
---|---|---|---|---|---|---|---|
Total shareholders equity | 135,000 | 97,500 | 54,500 | ||||
Sales | 492,000 | 404,000 | 307,000 | ||||
Cost of goods sold | 369,000 | 277,952 | 191,000 | ||||
Net income | 33,948 | 29,896 | 19,300 |
Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6. Round asset turnover to 2 decimal places e.g. 6.21.)
2021 | 2020 | ||||||
---|---|---|---|---|---|---|---|
Gross profit margin | % | % | |||||
Profit margin | % | % | |||||
Asset turnover | times | times | |||||
Return on assets | % | % | |||||
Return on common shareholders equity | % | % |
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