Homework Answers
| Without New products | With New Products | ||
| Return on Assets | Net Income/Average Total Assets*100 |
459000/5251700*100 = 8.74 % |
867900/13964700*100= 6.21% |
| Profit Margin | Net Income/Sales*100 | 459000/12333000*100= 3.72% | 867900/16952400*100=5.12% |
| asset turnover | Sales/Average total assets | 12333000/5251700 =2.35 | 16952400/13964700 = 1.21 |
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