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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

Account

2014

2013

2012

Total assets

$93,000

$78,000

$61,000

Total liabilities

$23,000

$23,000

$16,500

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Total contributed capital plus retained earnings

$70,000

$55,000

$44,500

Total sales

$100,000

$82,500

$57,250

Net income

$15,000

$10,500

$4,500. Get Accounting Help Today

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