Accounting Assignment/ Professional Essay Writers

1. After three
years in business, you are being evaluated for a promotion. One measure is how
efficiently you have managed the assets of the business. Using the data in the following
table, compute the total asset turnover ratio for 2014 and 2013 and evaluate
the results. Also, compute the return on invested capital (net Income
divided by total stockholders’ equity). Do you think you should be promoted? Why
or why not?

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Audrey’s Ice Cream Parlor





Total assets




Total liabilities




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Total contributed capital plus retained earnings




Total sales




Net income



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