The following end-of-year amounts are taken from the financial statements of Manakui Corporation: Total Assets, 852,000; Total

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The following end-of-year amounts are taken from the financial statements of Manakui Corporation: Total Assets, 852,000; Total Liabilities, 344,000; Shareholders' Equity, 508,000; Net Sales, 1,564,000; Cost of Goods Sold, 972,000; Operating Expenses, 357,000; Income Taxes, 47,000; and Dividends, 80,000 . During the past year, total assets increased by 150,000 . Total shareholders' equity was affected only by net profit and dividends.
Calculate the (1) profit margin, (2) asset turnover, (3) return on assets, (4) debt to equity, and (5) return on equity.

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Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

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