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Molini 700000

Price: $1.99


Selected comparative statement data for Molini Products Company are presented
below. All balance sheet data are as of December 31.

  2014 2013
Net sales   700,000  680,000
Cost of goods sold   480,000  400,000
Interest expense   7,000  5,000
Net income   42,000  34,000
Accounts receivable   120,000  100,000
Inventory   85,000  75,000
Total assets   580,000  540,000
Total common stockholders' equity   425,000  325,000

Instructions
Compute the following ratios for 2014.
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on common stockholders’ equity.

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