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
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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
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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