Question
Twin Lakes, Inc. reported the following December 31 amounts in its financial statements: 2019 2018 Sales revenue $250.0 $210.0 Gross profit 75.0 68.0 Net income
Twin Lakes, Inc. reported the following December 31 amounts in its financial statements:
| 2019 | 2018 | |
| Sales revenue | $250.0 | $210.0 |
| Gross profit | 75.0 | 68.0 |
| Net income | 28.0 | 21.0 |
| Total assets | 90.0 | 80.0 |
| Total stockholders' equity | 40.0 | 36.0 |
Compute the following for the 2019 ratios:
A. Gross profit percentage
B. Net profit margin
C. Total asset turnover
D. Return on assets
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Residential Energy Auditing And Improvement
Authors: Stan Harbuck, Donna Harbuck
1st Edition
8770229252, 978-8770229258
