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The Following Information Was Taken from the Income Statement and Balance

Question 108

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The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2014 and 2015: 20152014 Sales revenues $30,752$27,061 Net income 2,3451,267 Total assets 53,90249,988 Total stockholders’ equity 26,08123,791\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 4 } \\\hline \text { Sales revenues } & \mathbf { \$ 3 0 , 7 5 2 } & \mathbf { \$ 2 7 , 0 6 1 } \\\hline \text { Net income } & 2,345 & 1,267 \\\hline \text { Total assets } & 53,902 & 49,988 \\\hline \text { Total stockholders' equity } & 26,081 & 23,791 \\\hline\end{array} Compute the following ratios for 2015:
A. Net profit margin
B. Asset turnover
C. and Return on assets

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A. Net profit margin ($2,345 ÷ $30,752) ...

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