Homework Answers
1.
Profit margin = Net income/ Net sales
= 380,000/1,500,000
= 25.33%
2.
Asset turnover = Net sales/ Average assets
= 1,500,000/2,000,000
= 0.75 times
3.
Return on assets = Net income/ Average assets
= 380,000/2,000,000
= 19%
4.
Return on common stockholders equity = Net income/Average common stockholders equity
= 380,000/1,000,000
= 38%
Kindly comment if you need further assistance. Thanks‼!
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