Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
The following amounts were taken from the financial statements of Sheffield Company:
The profit margin for 2020 is
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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