2/5/2018 Harrod's Sporting Goods Case Sudy #1 Finance 1 - Q1 Profit Ratios for 2007 Profit Margin= Net income

Sales 193,200 4,269,871 = 4.52 Return …

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Harrod's Sporting Goods Case Sudy #1 Finance 1

Harrod's Sporting Goods Case Sudy #1 Finance 1 - Q1 Profit...

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Q1)
Profit Ratios for 2007:
Profit Margin= Net income ÷ Sales
193,200 ÷ 4,269,871 = 4.52%

Return on Assets
a. Net income ÷ Total assets
193,200 ÷ 3,170,200 = 6.1%
b. (Net income ÷ Sales) x (Sales ÷ Total Assets)
(193,200 ÷ 4,269,871) x (4,269,871 ÷ 3,170,200) = 6.1%

Return on Equity
a. Net income ÷ Stockholders Equity
193,200 ÷ 1,204,600 = 16%
b. Return on Assets (investment) ÷ (1 – Debt/Assets) .061 ÷ (1 –
1,965,600/3,170,200) = .061 ÷ .38 = 16%

Profit Ratios for 2008:

Profit Margin= Net income ÷ Sales
243,100 ÷ 4,483,360 = 5.42%

Return on Assets
a. Net income ÷ Total assets
243,100 ÷ 3,360,650 = 7.2%
b. (Net income ÷ Sales) x (Sales ÷ Total Assets)
(243,100 ÷ 4,483,360) x (4,483,360 ÷ 3,360,650) = 7.2%

Return on Equity
a. Net income ÷ Stockholders Equity
243,100 ÷ 1,310,655 = 18.5%
b. Return on Assets (investment) ÷ (1 – Debt/Assets)
.072 ÷ (1 – 2,049,995/3,360,650) = .072 ÷ .39 = 18.5%

Profit Ratios for 2009:

Profit Margin= Net income ÷ Sales
200,318 ÷ 5,021,643 = 4%

Return on Assets
a. Net income ÷ Total assets
200,318 ÷ 3,510,110 = 5.71%

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b. (Net income ÷ Sales) x (Sales ÷ Total Assets)

(200,318 ÷ 5,021,643) x (5,021,643 ÷ 3,510,110) = 5.7%

Return on Equity
a. Net income ÷ Stockholders Equity
200,318 ÷ 1,333,800 = 15.02%
b. Return on Assets (investment) ÷ (1 – Debt/Assets)
.057 ÷ (1 – 2,176,310/3,510,110) = .057 ÷ .38 = 15%

Q2:

For all three ratios (profit margin, return on assets, and return on equity) the trends

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