Homework Answers
1. Profit margin = Net income/ Net sales
2019 =$23,000/$183,000 =12.56%
2018 =$4,000/$151,000 =2.64%
2. Return on total assets = ( Net income+ Interest expense)/Average total assets
2019 =($23,000+$7,500)/($206,000+$189,000)/2
=$30,500/$197,500
=15.44%
2018 = ($4,000+$10,500)/($189,000+$174,000)/2
=$14,500/$181,500
=7.98%
3. Assets turnover ratio = Net sales / Average total assets
2019 = $183,000/$197,500 =0.92
2018 =$151,000/$181,500 =0.83
4. Return on common stockholders equity = ( Net income- Preferred dividend)l Average common equity
2019 =($23,000-$3,000)/($93,000+$85,500)/2
=$20,000/$89,250
=22.4%
2018 =($4,000-$3,000)/($85,500+$81,000)/2
=$1,000/$83,250
=1.2%
5. EPS = ( Net income- Preferred dividend)/ weighted average no of shares
2019 =($23,000-$3,000)/(25,000+25,000)/2
=$20,000/25,000
=$0.8
2018 =($4,000-$3,000)/(25,000+20,000)/2
=$1,000/22,500
=$0.04
6. Dividend payout for 2019=$0.50/$0.8 =62.5%
7. Operating performance is improved during 2019
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