Selected balances from a company's financial statements are shown below:
Use the information above to calculate the following current year ratios:
(a) 2014 inventory turnover.
(b) Days' sales uncollected at Dec.31,2014.
(c) 2014 profit margin.
(d) 2014 return on total assets.

Question

Selected balances from a company's financial statements are shown below:
  Use the information above to calculate the following current year ratios:
(a) 2014 inventory turnover.
(b) Days' sales uncollected at Dec.31,2014.
(c) 2014 profit margin.
(d) 2014 return on total assets.

Quizplus · Accepted Answer

The Answer of Selected balances from a company's financial statements are shown below:
  Use the information above to calculate the following current year ratios:
(a) 2014 inventory turnover.
(b) Days' sales uncollected at Dec.31,2014.
(c) 2014 profit margin.
(d) 2014 return on total assets.

Selected Balances from a Company's Financial Statements Are Shown Below