Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The following amounts were taken from the financial statements of Sheffield Company:

 
   2020
   2019
Total assets
$910000
$1040000
Net sales
   880000
   690000
Gross profit
   351000
   319000
Net income
   161040
   125000
Weighted average number of common shares outstanding
   80000
   80000
Market price of common stock
  $30
        $41

The profit margin for 2020 is

39.9%.
9.1%.
17.7%.
18.3%.
 
 
 
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