The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2010 and 2011:
$$\begin{array} { l r r }
& \underline { 2011 } & \underline { 2010 } \
\text { Sales revenues } & \$ 30,752 & \$ 27,061 \
\text { Net income } & 2,345 & 1,267 \
\text { Total assets } & 53,902 & 49,988 \
\text { Total stockholders' equity } & 26,081 & 23,791
\end{array}$$ Compute the following ratios for 2011:
Net profit margin,Asset turnover,and Return on assets.

Question

The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2010 and 2011:
 $$\begin{array} { l r r } 
& \underline { 2011 } & \underline { 2010 } \
\text { Sales revenues } & \$ 30,752 & \$ 27,061 \
\text { Net income } & 2,345 & 1,267 \
\text { Total assets } & 53,902 & 49,988 \
\text { Total stockholders' equity } & 26,081 & 23,791
\end{array}$$ Compute the following ratios for 2011:
 Net profit margin,Asset turnover,and Return on assets.

Quizplus · Accepted Answer

The Answer of The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2010 and 2011:
 $$\begin{array} { l r r } 
& \underline { 2011 } & \underline { 2010 } \
\text { Sales revenues } & \$ 30,752 & \$ 27,061 \
\text { Net income } & 2,345 & 1,267 \
\text { Total assets } & 53,902 & 49,988 \
\text { Total stockholders' equity } & 26,081 & 23,791
\end{array}$$ Compute the following ratios for 2011:
 Net profit margin,Asset turnover,and Return on assets.

The Following Information Was Taken from the Income Statement and Balance