Income Statement
CFM Majestic Inc
Years 1 & 2 ($000,000s)
Year 1 Year 2
Sales 381.9 416.3
COGS 244.9 278.9
SG&A 59.7 63.8
Depreciation 13.8 15.4
R & D 5.3 4.3
EBIT 58.2 53.9
Interest Expense 7.3 7.9
Earnings before Income Tax 50.9 46.0
Income Taxes 17.3 14.8
Net Income 33.6 31.2
Referring to the CFM Majestic financial statements, is the change between Year 1 and Year 2 in Total Asset Turnover important in explaining the change in ROA?
A) No
B) Yes
A
You might also like to view...
A small, open-air mall with upscale stores, convenient locations, and nonretail activities, such as a playground, skating rink, hotel, dining establishments, and a movie theater, is an example of a(n) ________
A) regional shopping center B) lifestyle center C) community shopping center D) franchise E) power center
The number of times an average person in the target market is exposed to a message is known as the ________ of the message
A) quantitative value B) reach C) frequency D) exposure rate E) turnover rate