Styles, Inc , a clothing manufacturer, reported the information given below over a three year period (a) Compute the firms profit margin, asset turnover, days sales in inventory, fixed asset turnover, and return on assets for each year shown (b) Discuss the companys operating strategy over this tim...

a 2005 2004 2003 Profit margin 187 1683 9000 142 852 6000 96 288 3000 Asset turnover 449 9000 20036 ...

Styles, Inc., a clothing manufacturer, reported the information given below over a three-year period. (a) Compute the

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Styles, Inc., a clothing manufacturer, reported the information given below over a three-year period.

(a) Compute the firmâ€™s profit margin, asset turnover, dayâ€™s sales in inventory, fixed asset turnover, and return on assets for each year shown.
(b) Discuss the companyâ€™s operating strategy over this timeperiod.

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

Question Posted: Jun 22, 2012 06:53 AM

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Styles, Inc., a clothing manufacturer, reported the information given below over a three-year period. (a) Compute the

Question:

2005 2004 Sales Net income Total assets Inventory Cost of goods sold Fixed assets $ 9,000 1,683 20,036 1,500 5,500 4,000 6,000 852 10,650 960 3,500 2,500 2003 $3,000 288 3,692 500 1,800 1,500

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