Homework Answers
Part B Answer
| 2019($) | 2018($) | change | ||
| Total assets turnover | Net sales / Total average assets |
1000,825/(1400,814+1114,704)/2 = 1000,825/1257,759 = 0.796 times |
886,972/(1114,704+700,000)/3 = 886,972/907,352 = 0.978 times |
Asset balances are Increased, that effect assets turnover ratio |
| Gross profit ratio | Gross profit / Net sales |
472,135/1000,825 = 47.175% |
434,584/886,972 = 48.996% |
Even though turnover in Increasing trend Gross profit ratio is decreased entity need to control expenses |
| Profit margin ratio | Net income / Net sales |
245,453/1000,825 = 24.525% |
241,862/886,972 = 27.268% |
Same like gross profit ratio, net profit ratio also decreased, entity need to control expenditure |
| Return on Assets | Net income / Average total assets |
245,453/1257,759 = 19.515% |
241,862/907,352 = 26.656% |
Decreased due to new assets are Purchased or balances are Increased. |
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