Income statement for sec technologies


Task: Profitability measures

Shown below is a recent income statement for SEC Technologies.  (Dollar amounts are in thousands.)

SEC Technologies
Income Statement
For the Year Ended January 31, 2001

Assume that comparative balance sheet for SEC Technologies indicate average total assets for the year of $2,5000,000, and average total equity of $1,050,000(dollar amounts in thousands).  Compute the following

A) Gross profit rate __________%
B) Net income as a percentage of net sales________%
C) Return on assets  ________%
D) Return on equity ________%

Profitability measures

Shown below is a recent income statement for SEC Technologies.  (Dollar amounts are in thousands.)

SEC Technologies
Income Statement
For the Year Ended January 31, 2001

Net Sales...                            $3,000,000
Les:Cost of goods sole             1,650,000

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Accounting Basics: Income statement for sec technologies
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