{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T23:12:24-04:00", "answer_date": "2024-05-21 23:12:24", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1479971", "url": "\/study-help\/questions\/wins-companies-a-home-improvement-store-chain-reported-the-following-1479971", "question_creation_date_js": "2024-05-21T23:12:24-04:00", "question_creation_date": "May 21, 2024 11:12 PM", "meta_title": "[Solved] Win's Companies, a home improvement store | SolutionInn", "meta_description": "Answer of - Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view th | SolutionInn", "meta_keywords": "win,s,companies,home,improvement,store,chain,reported,summarized,figures,click,icon", "question_title_h1": " Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to", "question_title": " Win's Companies, a home improvement store chain, reported the following summarized", "question_title_for_js_snippet": "Win's Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income statement ) (Click the icon to view the balance sheets ) Win's has 20,000 common shares outstanding during 2024 Read the requirements Requirement 1 Compute the profit margin ratio for Win's Companies for 2024 Begin by selecting the formula to calculate Win's Companies' profit margin ratio Then enter the amounts and calculate the profit margin ratio for 2024 (Round your answer to one tenth of a pero XX ) M Profit margin ratio Income Statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 40,900 $ 39,800 Cost of Goods Sold 23,300 23,700 Interest Expense 300 280 7,500 8,400 All Other Expenses $ 9,800 $ 7,420 Net Income Print Done X Balance Sheets Win's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash $ 2,500 $ 1,600 Total Current Liabilities 29,000 $ 12,900 Short term Investments 24,000 12,000 Long term Liabilities 12,500 10,600 Accounts Receivable 7,300 5,600 Total Liabilities 41,500 23,500 Merchandise Inventory 7,300 5,900 Stockholders' Equity 9,000 Other Current Assets 2,100 Common Stock 11,000 11,000 Total Current Assets 29,600 20,700 50,100 27,200 Retained Earnings All Other Assets 32,000 28,000 Total Equity 40,600 31,700 $ Total Assets 82,100 $ 55,200 82,100 $ 55,200 Total Liabilities and Equity Requirements 1 Compute the profit margin ratio for Win's Companies for 2024 2 Compute the rate of return on total assets for 2024 3 Compute the asset turnover ratio for 2024 4 Compute the rate of return on common stockholders' equity for 2024 5 Are these rates of return strong or weak Explain your reasoning Print Done X ", "question_description": "\"image\"image\"image\"image", "transcribed_text": "Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Win's has 20,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute the profit margin ratio for Win's Companies for 2024. Begin by selecting the formula to calculate Win's Companies' profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2024. (Round your answer to one tenth of a pero XX%) M Profit margin ratio Income Statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 40,900 $ 39,800 Cost of Goods Sold 23,300 23,700 Interest Expense 300 280 7,500 8,400 All Other Expenses $ 9,800 $ 7,420 Net Income Print Done - X Balance Sheets Win's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash $ 2,500 $ 1,600 Total Current Liabilities 29,000 $ 12,900 Short-term Investments 24,000 12,000 Long-term Liabilities 12,500 10,600 Accounts Receivable 7,300 5,600 Total Liabilities 41,500 23,500 Merchandise Inventory 7,300 5,900 Stockholders' Equity 9,000 Other Current Assets 2,100 Common Stock 11,000 11,000 Total Current Assets 29,600 20,700 50,100 27,200 Retained Earnings All Other Assets 32,000 28,000 Total Equity 40,600 31,700 $ Total Assets 82,100 $ 55,200 82,100 $ 55,200 Total Liabilities and Equity Requirements 1. Compute the profit margin ratio for Win's Companies for 2024. 2. Compute the rate of return on total assets for 2024. 3. Compute the asset turnover ratio for 2024. 4. Compute the rate of return on common stockholders' equity for 2024. 5. Are these rates of return strong or weak? Explain your reasoning. Print Done - X -", "related_book": { "title": "Accounting", "isbn": "978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004", "edition": "21st Edition", "authors": "Carl s. warren, James m. reeve, Philip e. fess", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/186.jpg", "uri": "\/textbooks\/accounting-21st-edition-186", "see_more_uri": "" }, "free_related_book": { "isbn": "1105072843", "uri": "\/textbooks\/fossil-hunting-in-edinburgh-for-local-rockhounds-and-amateur-paleontologists-keep-track-and-accurate-record-of-your-fossils-and-rocks-1st-edition-b0bq9n74rh-243644", "name": "Clinical Dissection Guide For Large Animals", "edition": "2nd Edition" }, "question_posted": "2024-05-21 23:12:24", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/viola-iona-and-paula-form-a-joint-for-the-sale-548356", "description": "Viola, Iona and Paula form a joint for the sale of merchandise. 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