I need to find the Rate of Return on Net Sales and the Rate of Return on Owners Equity.
Using their Consolidated Statements of Earnings.
Can anyone help me with what these ratios would be/what numbers I would use for the ratios.
The equation for Rate of Return on Net Sales is (Net Income / Net sales) x 100
The equation for Rate of Return on Owners Equity is (Net Income / Average Owners Equity)
Its for the year 2009. Any help would be great!
Financial Statements can be found at http://www.loblaw.ca/en/inv_ar.html
Using their Consolidated Statements of Earnings.
Can anyone help me with what these ratios would be/what numbers I would use for the ratios.
The equation for Rate of Return on Net Sales is (Net Income / Net sales) x 100
The equation for Rate of Return on Owners Equity is (Net Income / Average Owners Equity)
Its for the year 2009. Any help would be great!
Financial Statements can be found at http://www.loblaw.ca/en/inv_ar.html