Exercise - Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.
|
2017
|
2016
|
|
Net sales
|
$763,500
|
$719,000
|
|
Cost of goods sold
|
476,500
|
437,500
|
|
Interest expense
|
7,400
|
4,100
|
|
Net income
|
47,500
|
44,000
|
|
Accounts receivable
|
116,000
|
100,500
|
|
Inventory
|
82,400
|
76,000
|
|
Total assets
|
579,200
|
498,000
|
|
Total common stockholders' equity
|
429,200
|
322,100
|
Compute the following ratios for 2017.
Profit margin
Asset turnover
Return on assets
Return on common stockholders' equity