Problem:
Selected data from the Carmen Company at year end are presented below:
Total assets 2,000,000
Average total assets 2,200,000
Net Income 250,000
Net Sales 1,300,000
Average common stockholders equity 1,000,000
Net Cash provided by operating activities 275000
Shares of common stock outstanding 10,000
Required:
Calculate the profitability ratios that can be computed from the above information.