Business, 24.06.2021 16:50 julie426

The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2019: 20192018 Sales revenues$590,000 $574,000 Net income212,000184,000 Total assets2,142,0001,998,000 Total stockholders’ equity712,000690,000 Compute the following ratios for 2019:

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Answer from: brown62

a. Net profit margin for 2019 = 35.93%

b. Asset turnover for 2019 = 0.29 times

c. Return on assets = 10.24%

Explanation:

Note: This question is not complete. The complete question is thereore provided before answering the question as follows:

The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2019:

2019 2018

Sales revenues $590,000 $574,000

Net income 212,000 184,000

Total assets 2,142,000 1,998,000

Total stockholders’ equity 712,000 690,000

Compute the following ratios for 2019:

Net profit margin

Asset turnover

Return on assets

The answers are now explained as follows:

a. Net profit margin for 2019

This can be calculated as follows:

Net profit margin for 2019 = Net income in 2019 / Sales revenues in 2019 = $212,000 / $590,000 = 0.3593, or 35.93%

b. Asset turnover for 2019

This can be calculated as follows:

Asset turnover for 2019 = Sales revenues / Average total assets = Sales revenues in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $590,000 / (($2,142,000 + $1,998,000) / 2) = 0.29 times

c. Return on assets for 2019

This can be calculated as follows:

Return on assets = Net income / Average total assets = Net income in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $212,000 / (($2,142,000 + $1,998,000) / 2) = 0.1024, or 10.24%

Answer from: Quest

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)

Answer from: Quest

“what is occurring when you buy a united states saving bond? you are paying for your child’s college education. you are borrowing money from saving and loan association. you are loaning money to the government. “ i hope this information you.

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