Sunshine corp has debt of 2834950 total assets of 5178235 , Ask an Expert

Accounting

1) XYZ Corp. has reported financial results for year-end 2006. Based on following information, compute firm's gross profit margin and operating profit margin.

Net sales = $4,156,700 Net income = $778,321

Cost of goods sold = $2,715,334 EBIT = $1,356,098

a.34.7%; 32.6%

b.32.6%; 18.72%

c.34.7%; 18.72%

d.None of the above

2) Sunshine Corp has debt of= $2,834,950, total assets of= $5,178,235, sales of= $8,234,121, and net income of= $812,355. Determine firm's return on equity?

a. 7.1%

b. 34.7%

c. 28.1%

d. 43.2%

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M916836

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