Selected data from Decco Company are presented below: $$\begin{array} { l r }
\text { Total assets } & \$ 1,600,000 \
\text { Average assets } & 2,000,000 \
\text { Net income } & 380,000 \
\text { Net sales } & 1,500,000 \
\text { Average common stockholders' equity } & 1,000,000
\end{array}$$ Instructions
Calculate the profitability ratios that can be computed from the above information.

Question

Selected data from Decco Company are presented below: $$\begin{array} { l r } 
\text { Total assets } & \$ 1,600,000 \
\text { Average assets } & 2,000,000 \
\text { Net income } & 380,000 \
\text { Net sales } & 1,500,000 \
\text { Average common stockholders' equity } & 1,000,000
\end{array}$$ Instructions
Calculate the profitability ratios that can be computed from the above information.

Quizplus · Accepted Answer

The Answer of Selected data from Decco Company are presented below: $$\begin{array} { l r } 
\text { Total assets } & \$ 1,600,000 \
\text { Average assets } & 2,000,000 \
\text { Net income } & 380,000 \
\text { Net sales } & 1,500,000 \
\text { Average common stockholders' equity } & 1,000,000
\end{array}$$ Instructions
Calculate the profitability ratios that can be computed from the above information.

Selected Data from Decco Company Are Presented Below Instructions Calculate the Profitability Ratios That Can Be Computed from l

Selected Data from Decco Company Are Presented Below Instructions
Calculate the Profitability Ratios That Can Be Computed from l