Use the information provided to analyze the profitability of SDHS Co using the following ratios: gross profit
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Question:
Use the information provided to analyze the profitability of SDHS Co using the following ratios: gross profit ratio Sales $ 350,000 Gross profit 206,500 Net income 115,000 Interest expense 2,875 Average total assets 875,000 Average total shareholders' equity 500,000 Weighted-average common shares outstanding 25,000.
The gross profit ratio is:
a) 59%
b) 45%
c) 50%
d) 65%
Related Book For
Comparative international accounting
ISBN: 978-0273703570
9th Edition
Authors: Christopher nobes, Robert parker
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