BUS 401 Week 1 Assignment, Ratio Analysis

Apr 8th, 2015
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4-10 Financial Ratios - investment analysisAssetsNet Fixed Assets$$$500,0001,500,0002,000,000SalesLess cost of goods soldGross Profit$$$4,500,000(3,500,000)1,000,000Less Operating ExpensesOperating IncomeLess Interest ExpenseEarnings before taxesLess taxes (50%)Net Income$$$$$$(500,000)500,000(100,000)400,000(200,000)200,000LiabilitiesOwner's EquityIncome Statemnet for the year:a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets.Total Asset Turnover = Sales/Total Assets$4,500,000 $2,000,0002.25Operating Profit Margin = Op Income/Sales$500,000 $4,500,00011%Op Rtrn on Assets = Op Income/Total Assets$500,000 $2,000,00025%Alternative = Operating Income/Sales x Sales/Total Assets11%2.25b. The new operating return on assets for Salco after plant renovationOp Rt

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