Selected Comparative Statement Data For Blossom Products Are Presented Below All Statement Of Financial Position Data A 1 (82.4 KiB) Viewed 24 times
Selected comparative statement data for Blossom Products are presented below. All statement of financial position data are as of December 31. 2020 2019 Net sales £714,000 £693,600 Cost of goods sold 489,600 408,000 Interest expense 7,140 5,100 Net income 42,840 34,680 Accounts receivable 122,400 102,000 Inventory 86,700 76,500 Total assets 591,600 550,800 Total ordinary shareholders' equity 433,500 331,500
Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) Profit margin % (b) Asset turnover times (c) Return on assets % ) (d) Return on ordinary shareholders' equity %
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