Question - Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as or December 31.
|
|
2017
|
2016
|
|
Net sales
|
$764,500
|
$723,000
|
|
Cost of goods sold
|
477,500
|
438,000
|
|
Interest expense
|
7,500
|
5,700
|
|
Net Income
|
54,000
|
40,000
|
|
Accounts receivable
|
120,000
|
106,000
|
|
Inventory
|
80,300
|
76,300
|
|
Total assets
|
575,000
|
504,300
|
|
Total common stockholders' equity
|
426,200
|
322,100
|
Compute the following ratios for 2017.
- Profit margin
- Asset turnover
- Return on assets
- Return on common stockholders' equity