Given Information:
             Achieve​'s Companies Income statement
              Years ended May 31 , 2018 and 2017  Â
                                     2018         2017
Net sales revenue                      51,200       50,700
Costs of goods sold                    20,800      28,600
Interest expense                        400          280
All other expenses                      6,200        7800
Net income                            23,800       14,020
Explanation:
(1) Profit Margin Ratio for 2018
Profit Margin Ratio for 2018 = [Net Income / Net Sales Revenue] x 100
= [$23,800 / $51,200] x 100
= 46.5%
(2) Rate of Return on total assets for 2018
Rate of Return on total assets for 2018 = [Net Income / Average Total Assets] x 100
= [$23,800 / {($86,700 + $57,700)/2}] x 100
= [$23,800 / $72,200] x 100
= 33.0%
(3) Asset Turnover Ratio for 2018
Asset Turnover Ratio for 2018 = Net Sales Revenue / Average Total Assets
= $51,200 / $72,200
= 0.71 Times
(4) Rate of return for Common Stockholders Equity for 2018
Rate of return for Common Stockholders Equity for 2018 = [Net Income / Average Equity] x 100
= [$23,800 / {($45,200 + $32,900)/2}] x 100
= [$23,800 / $39,050] x 100
= 60.9%
