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Crimson Tide Products Company

Selected comparative statement data for Crimson Tide Products Company are presented below. All balance sheet data are as of December 31.

Instructions
Compute the following ratios for 2007.
1. Profit margin.
2. Asset turnover.
3. Return on assets.
4. Return on common stockholders' equity.

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Selected comparative statement data for Crimson Tide Products Company are presented below. All balance sheet data are as of December 31.
2007 2006
Net sales $800,000 $720,000
Cost of goods sold 480,000 440,000
Interest expense 7,000 5,000
Net income 60,000 42,000

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Solution Summary

This solution is comprised of a detailed explanation to calculation financial ratios for Crimson Tide Products Company.

$2.19