Erica, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her company is operating from a financial perspective.Her financial consultant has given her the following numbers: Sales R325 000; Operating Profits R50 000; Current Assets R125 000; Current Liabilities R40 00; and Total Assets R350 000.The ice cream retail industry norms include Operating Profit Margin 10%, Return on Assets 11% and Current Ratio 2.7.Determine the company's profitability on its assets and compare to the industry ratios.

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The Answer of Erica, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her company is operating from a financial perspective.Her financial consultant has given her the following numbers: Sales R325 000; Operating Profits R50 000; Current Assets R125 000; Current Liabilities R40 00; and Total Assets R350 000.The ice cream retail industry norms include Operating Profit Margin 10%, Return on Assets 11% and Current Ratio 2.7.Determine the company's profitability on its assets and compare to the industry ratios.

Erica, the Owner of Sweets to Eat Ice Cream Shoppe