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Calculate the following key ratios from the data contained in the Best Manufacturing spreadsheet using the definitions explained in your textbook Table 3-1 pages 42 – 44. After calculating the ratio,...

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Calculate the following key ratios from the data contained in the Best Manufacturing spreadsheet using the definitions explained in your textbook Table 3-1 pages 42 – 44. After calculating the ratio, write a one to three sentence statement telling the reader whether Best Manufacturing, Inc. is above or below the industry standard and why for each ratio below. Gross Profit Marin % Operating Profit Margin % Net Profit Margin % Net Profit Return on Assets (ROA) Net Profit Return on Equity (ROE) Current ratio Quick ratio Debt to equity ratio Days payable Collection ratio (days receivable) Inventory turns Cash flow Cycle
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a. Gross Profit MarginGross Profit/Sales XXXXXXXXXX)/107100064.71%This ratio indicate that companys earns a gross profit of 64.71% on its sales. Which is a good number compared to othersb. Operating Profit MarginOperating Profit/Sales XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX)/107100032.88%This ratio indicates that company earns a 32.88% of operating profit on its sales.c. Net Margin= Net Income/Sales XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX25200)/107100018.09%The net profit margin, also known as net margin, indicates how much net income a company makes with total sales achieved. A higher net profit margin means that a company is more efficient at converting sales into actual profit.d. return on assets=net income/total assets XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX25200)/23270008.33%The return on assets ratio measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits.It only makes sense that a higher ratio is more favorable to investors because it shows that the company is more effectively managing its assets to produce greater amounts of net income. A positive ROA ratio usually indicates an upward profit trend as well.e. return on equity =Net Income/Shareholders Equity XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX25200)/ XXXXXXXXXX)11.81%Return on equity measures how efficiently a firm can use the money from shareholders to generate profits and grow the company.ROE is a profitability ratio from the investor's point of view—not the company.investors want...

Answered Same Day Dec 27, 2021

Solution

David answered on Dec 27 2021
132 Votes
a. Gross Profit Margin Gross Profit/Sales
(1071000-378000)/1071000
64.71%
This ratio indicate that companys earns a gross profit of 64.71% on its sales. Which is a good number
compared to others

b. Operating Profit Margin Operating Profit/Sales
(1071000+189000-378000-160875-50400-44100-36450-17500-
63000-25200-6300-12600-31500-25200-37800-
18900)/1071000


32.88%
This ratio indicates that company earns a 32.88% of operating profit on its sales.

c. Net Margin= Net Income/Sales
(1071000+189000-378000-160875-50400-44100-36450-17500-
63000-25200-6300-12600-31500-25200-37800-18900-133245-
25200)/1071000


18.09%

The net profit margin, also known as net margin, indicates how much net income a company
makes with total sales achieved. A higher net profit margin means that a company is more
efficient at converting sales into actual profit.

d. return on assets= net income/total assets
(1071000+189000-378000-160875-50400-44100-36450-17500-
63000-25200-6300-12600-31500-25200-37800-18900-133245-
25200)/2327000


8.33%


The return on assets ratio measures how effectively a company can earn a return on its investment in
assets. In other words, ROA shows how efficiently a company can convert the money used to purchase
assets into net income or profits.
It only makes sense that a higher ratio is more favorable to investors because it shows that the company is
more effectively managing its assets to produce greater amounts of net income. A positive ROA ratio
usually indicates an upward profit trend as well.

e. return on equity = Net Income/Shareholders Equity
(1071000+189000-378000-160875-50400-44100-36450-17500-
63000-25200-6300-12600-31500-25200-37800-18900-133245-
25200)/(950000+690000)


11.81%

...
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