80.2K

Verified Solution

Link Copied!

I need help answering these First two sheets.

32 RED COMPANY Chapter 3 -DuPont Analiyait Chapter 3 Homework In these exercises, you will be applying the DuPont ratios to The Toro Company. Remove the Chapter 3 Answer Sheets on Pgs 91 and 92 and use these sheets to record your answers to the exercises below. For information and examples on how to round your answers, see the appendix on Pg 86 For these exercises, you will be using the financial statements of The Toro Company. If you do not have printed copies of Toro's financial statements, or if you want an introduction to Toro's financial statements, see Pg 18. Exercise 3-1 Net Profit Margin % (Profitability) A. When calculating the 2017 Net Profit Margin %, which financial statement line items are used for the: 1. Numerator? - The line item name on Toro's financial statement and the $ amount. 2. Denominator?-The line item name on Toro's financial statement and the $ amount. B. Calculate Toro's Net Profit Margin % for 2017, Round your percent answer to 2 decimal places C. The Net Profit Margin % is a(n): tup-arrow indicator down-arrow indicator +up-down-arrow indicator D. On the Answer Sheet under your answer for item B. is Toro's 2016 Net Profit Margin %. Which year, 2017 or 2016, had a better Net Profit Margin %? Exercise 3-2 Total Assets Turnover Ratio (Efficiency) A. When calculating the 2017 Total Assets Turnover Ratio, which financial statement line items are used for the: 1. Numerator?- The line item name on Toro's financial statement and the $ amount. 2. Denominator? -The line item name on Toro's financial statement and the $ amounts. B. Calculate Toro's Total Assets Turnover Ratio for 2017. Round Average Total Assets to a whole number. Round your final answer to 2 decimal places. C. The Total Assets Tunover Ratio is a(n) tup-arrow indicator -down-arrow indicator up-down-arrow indicator Answer Sheet under your answer for item B. is Toro's 2016 Total Assets Turnover Ratio. Which year, 2017 or 2016, had a better Total Assets Turnover Ratio

Answer & Explanation Solved by verified expert

See Answer