Homework Answers
| Ratios for 2011 | |
| ROA | |
| Return on assets= Net Income/ Average total assets | |
| Where, Av. Total assets=( Beginning+Ending Total assets)/2 | 2000/((26500+32000)/2)= |
| 6.84% | |
| ROCE | |
| Return On Capital Employed | |
| ROCE= EBIT/Av.Capital Employed. | |
| Av.Capital Employed =(Beg.+Ending (Total Assets-Current Liabilities))/2 | |
| ie.((26500-6000)+(32000-5000))/2= | |
| 23750 | |
| EBIT=Net income+Interest+Taxes | |
| ie. 2000+3000+9000= | |
| 14000 | |
| OR | |
| Revenues-all expenses except Interest& Taxes | |
| 42000-24000-2000-2000= | |
| 14000 | |
| ROCE= | 14000/23750= |
| 58.95% | |
| Profit margin for ROCE | |
| is EBIT | |
| Revenues-all expenses except Interest& Taxes | 42000-24000-2000-2000= |
| 14000 | |
| Asset turnover | |
| Revenues/Av. Total assets | 42000/((26500+32000)/2)= |
| (times) | 1.44 |
| Accounts Receivables turnover | |
| Revenues/Av. a/cs receivables | 42000/((6000+1500)/2)= |
| (times) | 11.2 |
| EPS=Earnings Per Share | |
| Net income/No.of shares o/s | 2000/1000= |
| 2 | |
| Accounts payables turnover | |
| COGS/Av. a/cs payables | 24000/((5000+6000)/2)= |
| (times) | 4.36 |
| Inventory turnover | |
| COGS/Av. Inventory | 24000/((8000+10000)/2)= |
| 2.67 | |
| Price/Earnings ratio | |
| Mkt. price per share/Earnings per share | 24/2= |
| (times) | 12 |
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