Using the Selected Information Given Below for Bliss Company, Calculate

Question 199

Not Answered

Using the selected information given below for Bliss Company, calculate return on assets, debt ratio, and profit margin. Comment on the results of operations and the financial position of the company for the year. Using the selected information given below for Bliss Company, calculate return on assets, debt ratio, and profit margin. Comment on the results of operations and the financial position of the company for the year. Return on assets = ($950,000-795,000)/((1,900,000+1,500,000)/2) =9.1% Debt ratio=$850,000/1,900,000=44.7% Profit margin=$155,000/950,000=16.3% Return on assets = ($950,000-795,000)/((1,900,000+1,500,000)/2) =9.1%
Debt ratio=$850,000/1,900,000=44.7%
Profit margin=$155,000/950,000=16.3%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q51: Which of the following statements is incorrect?<br>A)An

Q57: Accumulated depreciation is shown on the balance

Q68: On October 1, Haslip Company rented warehouse

Q117: What is the proper adjusting entry at

Q131: An adjusting entry often includes an entry

Q140: The 12-month period that ends when a

Q140: Accrued expenses at the end of one

Q187: Two accounting principles that are relied on

Q195: If a company reporting on a calendar

Q203: All of the following are True regarding