Fin 300 Hw

Yuyan liu 3) Assets = Sales/Total asset turnover

= 960,000/2.4

= 400,000 net income = sales * Profit Margin

= 960,000 * .07

= 67,200 Return on Assets = Net income/Total Assets

= 67,200/400,000

= 16.8% 7) a. 2009: 2010:

HW 2

Fin 300

Cost of goods sold/Sales = 1,500,000/2,500,000

= 60% Cost of goods sold/Sales = 1,875,000/3,000,000

=62.5%

b. 2009:

2010:

Selling & Administration Exp./Sales = 205,000/2,500,000 =8.2% Selling & Administration Exp./Sales =210,000/3,000,000 =7%

c.