Discussion Post: Willingham
Selected comparative statement data for Willingham Products Company are presented on the next page. All balance sheet data are as of December 31. Net sales $760,000 $720,000 Cost of goods sold 480,000 440,000 Interest expense 7,000 5,000 Net income 50,000 42,000 Accounts receivable 120,000 100,000 Inventory 85,000 75,000 Total assets 580,000 500,000 Total common stockholders' equity 430,000 325,000.
Instructions
Compute the following ratios for 2009. (i) Profit margin. (ii) Asset turnover. (iii) Return on assets. (iv) Return on common stockholders' equity.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.