Given the following information: Liabilities and Equity Line item Value Assets Cash 9,000 Accounts payable 18,000 Sales 85,000 |- Operating expenses 69,700 - Depreciation = EBIT |- Interest Marketable securities 2,000 Notes payable 6,000 Accounts recelvable 3,000 Current liabilities 24,000 2,000 Inventory 31,000 Long-term debt 95,000 13,300 Current assets 45,000 Total liabilities 119,000 800 20,000 20,000 Machines 34,000 Paid-in capital = Taxable income 12,500 Real estate 80,000 Retained earnings Fixed assets 114,000 Equity - Тахes 4,125 40,000 Total assets 159,000 Total liab. & equity 159,000 = Net income 8,375 1. What is the profit margin? Show your work. 2. What is the return on assets? Show your work. 3. What is the return on equity? Show your work.

Given the following information: Liabilities and Equity Line item Value Assets Cash 9,000 Accounts payable 18,000 Sales 85,000 |- Operating expenses 69,700 - Depreciation = EBIT |- Interest Marketable securities 2,000 Notes payable 6,000 Accounts recelvable 3,000 Current liabilities 24,000 2,000 Inventory 31,000 Long-term debt 95,000 13,300 Current assets 45,000 Total liabilities 119,000 800 20,000 20,000 Machines 34,000 Paid-in capital = Taxable income 12,500 Real estate 80,000 Retained earnings Fixed assets 114,000 Equity - Тахes 4,125 40,000 Total assets 159,000 Total liab. & equity 159,000 = Net income 8,375 1. What is the profit margin? Show your work. 2. What is the return on assets? Show your work. 3. What is the return on equity? Show your work.

Name: Given the following information:AssetsLiabilities and EquityLine item
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Description: Given the following information:AssetsLiabilities and EquityLine itemValueCash9,000 Accounts payable18,000Sales85,000Marketable securities2,000 Notes payable6,000- Operating expenses 69,700|- Depreciation= EBIT- InterestAccounts receivable3,000 Curr

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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