Homework Answers
| a) | |||
| Average Assets = (beginning Assets + ending Assets)/2 | |||
| = ( $44553+41404)/2 | |||
| = $ 42978.5 | |||
| Return On Assets = Net Income / Average Assets | |||
| = $-1636/42978.5 | |||
| =-3.8 % | |||
| b) | Profit Margin = Net Income / Sales | ||
| = $-1636/72618 | |||
| =-2.3 % | |||
| Assets Turnover Ratio = Sales / average Assets | |||
| = $72618/42978.5 | |||
| =1.7 times | |||
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