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Packers Corporation Reported the Following Data for the Year Ended

Question 108

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Packers Corporation reported the following data for the year ended December 31,2010:
 Net sales revenue $400,000 Net income $25,000 Interest expense (net of tax) $3,000 Average total assets $200,000 Average stockholders’ equity $160,000 Average net fixed assets $100,000 Average shares of common stock outstanding 15,000 Market value per share $16.00\begin{array} { l r } \text { Net sales revenue } & \$ 400,000 \\\text { Net income } & \$ 25,000 \\\text { Interest expense (net of tax) } & \$ 3,000 \\\text { Average total assets } & \$ 200,000 \\\text { Average stockholders' equity } & \$ 160,000 \\\text { Average net fixed assets } & \$ 100,000 \\\text { Average shares of common stock outstanding } & 15,000 \\\text { Market value per share } & \$ 16.00\end{array} Calculate each of the following ratios:
A.Profit margin
B.Return on assets
C.Return on equity
D.Earnings per share
E.Price/earnings ratio
F.Debt-to-equity ratio
G.Financial leverage percentage
H.Fixed asset turnover ratio

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