Task: Profitability measures
Shown below is a recent income statement for SEC Technologies. (Dollar amounts are in thousands.)
SEC Technologies
Income Statement
For the Year Ended January 31, 2001
Assume that comparative balance sheet for SEC Technologies indicate average total assets for the year of $2,5000,000, and average total equity of $1,050,000(dollar amounts in thousands). Compute the following
A) Gross profit rate __________%
B) Net income as a percentage of net sales________%
C) Return on assets ________%
D) Return on equity ________%
Profitability measures
Shown below is a recent income statement for SEC Technologies. (Dollar amounts are in thousands.)
SEC Technologies
Income Statement
For the Year Ended January 31, 2001
Net Sales... $3,000,000
Les:Cost of goods sole 1,650,000