The income statement for stretch-tape corporation reports net sales of $540,000 and net income of $65,700. average total assets for the year are $900,000. stockholders' equity at the beginning of the year was $600,000, and $30,000 was paid to stockholders as dividends during the year. there were no other stockholders' equity transactions that occurred during the year. required: calculate the return on assets, profit margin, asset turnover, and return on equity ratios.

7.3%; 12.17%; 0.6 times; 15.95%

Explanation:

Return on assets:

= Net Income ÷ Average total assets

= ($65,700 ÷ $900,000) × 100

= 7.3%

Profit Margin:

= Net Income ÷ Net Sales

= ($65,700 ÷ $540,000) × 100

= 12.17%

Asset Turnover:

= Net Sales ÷ Average Total Assets

= $540,000 ÷ $900,000

= 0.6 times

Return on Equity:

= Net Income before dividend ÷ Equity

= [($65,700 + $30,000) ÷ $600,000] × 100  

= ($95,700 ÷ $600,000] × 100  

= 15.95%

shopping mall is a group of retail stores under one roof. the cognitive structure of an urban shopping center. attributes of shopping mall image, customer satisfaction and mall patronage for selected shopping malls in southern gauteng

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