Selected comparative statement data for Willingham Products Company are presented below. All statement of financial position data are as of December 31. Instructions
Compute the following ratios for 2014:
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on ordinary shareholders' equity.

Question

Selected comparative statement data for Willingham Products Company are presented below. All statement of financial position data are as of December 31.  Instructions
Compute the following ratios for 2014:
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on ordinary shareholders' equity.

Quizplus · Accepted Answer

The Answer of Selected comparative statement data for Willingham Products Company are presented below. All statement of financial position data are as of December 31.  Instructions
Compute the following ratios for 2014:
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on ordinary shareholders' equity.

Selected Comparative Statement Data for Willingham Products Company Are Presented