I need help with the following question.
Selected data from the Florida Fruit Company are presented below:
Total assets $1,500,000 Average total assets 1,850,000 Net income 175,000
Net sales 1,300,000
Average common stockholders' equity 1,000,000
Net cash provided by operating activities 275,000
Instructions:
Assuming that no dividends were declared or paid during the period, calculate the following profitability ratios from the above information:
1. Profit margin
2. Asset turnover
3. Return on assets
4. Return on common stockholders' equity