FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Sam's Restaurant has sales of $4,500, total debt of $1,300, total equity of $2,400, and a profit margin of 5%. What is the return on assets?arrow_forwardWhat is total net sales for this company? What is total gross profit for this company? What is total operating expenses for this company? What is net income for this company? What is the company's gross profit ratio, also called gross profit margin ratio? Just enter the digits without decimals or punctuation.arrow_forwardYou are given the following information for Smashville, Incorporated. $249,000 $ 2,900 $ 394,000 $ 92,000 $ 7,400 $ 13,000 Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: 21% Gross margin Operating margin Return on assets Return on equity $ 22,000 $ 21,000 $9,000 $ 37,000 $ 139,000 $ 5,000 $ 13,000. $ 49,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. % % % %arrow_forward
- Zam Corp has a book value of equity of $17,010. Long-term debt is $8,400. Net working capital, other than cash is $2,150. Fixed assets are $22,430 and current liabilities are $2,260. How much cash does the company have? What are current assets?arrow_forwardWhat is total net sales for this company? What is total gross profit for this company? What is total operating expenses for this company? What is net income for this company? What is the company's gross profit ratio, also called gross profit margin ratio? Just enter the digits without decimals or punctuation.arrow_forwardThe Green Carpet has current liabilities of $72,100 and accounts receivable of $107,800. The firm has total assets of $443,500 and net fixed assets of $323,700. The owners' equity has a book value of $191,400. What is the amount of the net working capital? a. $47,700 b. $6,500 c. $50,100 d. -$29,700 e. -$18,800arrow_forward
- I cannot seem to figure out the correct values to answer the following question. Please answer the question correctly and show work.arrow_forwardPlease help with all the calculations and answer The 2016 income statement for J.Galarraga Corporation is below: Revenues $ 14,000,000Cost of Goods Sold 6,500,000Gross Margin $ 7,500,000Selling Expenses 3,400,000Administrative Expenses 700,000Net Operating Income $ 3,400,000 The company's margin of safety is $8,500,000. What would our revenues need to be to earn the NOI of $5,100,000?A. $ 16,300,000B. $ 19,750,000C. $ 18,250,000D. $ 15,700,000E. None of the abovearrow_forward
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