e https://edugen wileyplus.com/edugen/lti/main.uni Kimmel, Accounting, 6e Help I

Question

e https://edugen wileyplus.com/edugen/lti/main.uni Kimmel, Accounting, 6e Help I System Announcements Exercise 9-16 Lymen International is considering a significant expansion to its product line. The sales force is excted about the opportunities Barbara Dyson, the company's CFO, has pravided the foilowing projections based on results with and without the new products that the new products will bring. The new products are a significant step up in quality above the company's Without New With New Products Products $12,352,800 $493,300 $5,880,900 Sales reverue $16,029,300 -833,000 $13,938,200 Net income Average total assets (a) Compute the comparry's retum on assets, profit mrgin, and asset tunover, both with and without the new product line. (Round ansiwers to o decim?al places e.g. 296 and asset turnover to i decimal place e.g. 62) tudy without new products with new products Profit margin Asset turnover Click it you would like to Show Work for this question: gpen ShoM Work O Type here to search

Explanation / Answer

Without New product With New product Return on Asset .= Net Income 493300 X 100 883000 X 100     Average Asset 5880900 13938200 = 8.00% = 6% Profit Margin Profit    493300 X 100 883000 X 100 Sales Revenue 12352800 16029300 = 4.0% = 6% Asset Turnover Sales Revenue 12352800 16029300 Average Asset 5880900 13938200 = 2 = 1

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