This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: = 305000 = 31.87% 44.10% Net Sales 957000 B. Rate of return on operating profit = Operating income = 105000 = 10.97% 16.00% Net Sales 957000 C. Rate of return on sales = Net income = 102000 = 10.66% 13.60% Net sales 957000 The performance is worse than the industry average. Industry average Medical Products current ratio 20X5 A. Current Ratio = Current Assets = $486,000 = 1.98 1.63 Current Liabilities $245,000 Medical Products Stockholders ratio 20X5 B. = Total SH Equity = 271000 = 0.43 0.354 Total assets 630000 The medical products is higher so the average is better, you have more assets over liabilites and more stockholders equity over assets. Industry Average Industry Average Rate of return on Stockholders equity ratio...
View Full Document
- Spring '11
- Income Statement, Generally Accepted Accounting Principles, industry average, 0.31%, 0.48%, 0.60%, 2.40%