Financial statements for Revnik Company follow Turnover of assets. (Use the tota

Question

Financial statements for Revnik Company follow

Turnover of assets. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places.)

Return on investment. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))

Return on equity. (Use the total stockholders' equity of 2014 as the average total stockholders' equity to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))

Turnover of assets. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places.)

Return on investment. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))

Return on equity. (Use the total stockholders' equity of 2014 as the average total stockholders' equity to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))

Explanation / Answer

Particulars 2014 2015 Total assets 519400 579400 Average Total assets = (Total Assets in beginning + Total assets at the end )/2 519400 549400 Total Stock Holders equity 287600 306400 Average Total equity = (Total equity in beginning + Total equity at the end )/2 287600 297000 Net Income 40900 27100 Return on assets = Net Income / Average total assets 7.87% 4.93% Return on Equity = Net Income / Average Stockholders Equity 14.22% 8.84%

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