Twin Lakes,Inc.reported the following December 31 amounts in its financial statements:
$$\begin{array} { l r r }
& 2011 & 2010 \
\text { Sales revenue } & \$ 250.0 & \$ 210.0 \
\text { Gross profit } & 75.0 & 68.0 \
\text { Net income } & 28.0 & 21.0 \
\text { Total assets } & 90.0 & 80.0 \
\text { Total stockholders' equity } & 40.0 & 36.0
\end{array}$$ Compute the following for the 2011:
A.Net profit margin
B.Asset turnover
C.Return on assets

Question

Twin Lakes,Inc.reported the following December 31 amounts in its financial statements:
 $$\begin{array} { l r r } 
& 2011 & 2010 \
\text { Sales revenue } & \$ 250.0 & \$ 210.0 \
\text { Gross profit } & 75.0 & 68.0 \
\text { Net income } & 28.0 & 21.0 \
\text { Total assets } & 90.0 & 80.0 \
\text { Total stockholders' equity } & 40.0 & 36.0
\end{array}$$ Compute the following for the 2011:
A.Net profit margin
B.Asset turnover
C.Return on assets

Quizplus · Accepted Answer

The Answer of Twin Lakes,Inc.reported the following December 31 amounts in its financial statements:
 $$\begin{array} { l r r } 
& 2011 & 2010 \
\text { Sales revenue } & \$ 250.0 & \$ 210.0 \
\text { Gross profit } & 75.0 & 68.0 \
\text { Net income } & 28.0 & 21.0 \
\text { Total assets } & 90.0 & 80.0 \
\text { Total stockholders' equity } & 40.0 & 36.0
\end{array}$$ Compute the following for the 2011:
A.Net profit margin
B.Asset turnover
C.Return on assets

Twin Lakes,Inc Compute the Following for the 2011: A

Twin Lakes,Inc Compute the Following for the 2011:
A