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Selected Data from the Florida Fruit Company Are Presented Below

Question 232

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Selected data from the Florida Fruit Company are presented below:  Total assets $1,500,000 Average total assets 1,850,000 Net income 175,000 Net sales 1,300,000 Average common stockholders’ equity 1,000,000 Net cash provided by operating activities 275,000\begin{array}{lr}\text { Total assets } & \$ 1,500,000 \\\text { Average total assets } & 1,850,000 \\\text { Net income } & 175,000 \\\text { Net sales } & 1,300,000 \\\text { Average common stockholders' equity } & 1,000,000 \\\text { Net cash provided by operating activities } & 275,000\end{array} Instructions
Assuming that no dividends were declared or paid during the period, calculate the following profitability ratios from the above information:
1. Profit margin
2. Asset turnover
3. Return on assets
4. Return on common stockholders' equity

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