11 information is presented below for two companies in thousands lashannacambrell op 4352248

11.Information is presented below for two companies:

(in thousands)LashannaCambrell

Operating revenues$4,500$1,800

Net income900180

Total assets6,0001,200

Required:

a.Compute profit margin, asset turnover, and return on assets for each firm.

b.Compare the operating strategies of both firms and explain which is doing a better job with its strategy.

12.Information is provided below for Cherokee Company:

(in thousands)20082007

Operating revenues$1,800$1,600

Cost of goods sold1,000930

Operating expenses270210

Net income310270

Total assets3,0002,000

Required:

a.Compute profit margin, gross profit margin, operating profit margin, asset turnover, and return on assets for each year. Round to three decimal places.

b.Compare the company's performance during the two years.

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