The following selected information is for Pharoah Corporation: Total assets Total shareholders' equity Net sales Cost...
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The following selected information is for Pharoah Corporation: Total assets Total shareholders' equity Net sales Cost of goods sold Profit for the year 2024 $349,900 133,030 500,400 375,040 33,160 2023 $275,010 100,100 399,680 290,100 29,970 2022 $274,237 49,500 299,880 180,030 19,510 Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2024 and 2023. (Round answers to 1 decimal place, e.g. 52.7.) Gross profit margin Profit margin Asset turnover Return on assets Return on equity 2024 % % times. de % % 2023 % % times. % % The following selected information is for Pharoah Corporation: Total assets Total shareholders' equity Net sales Cost of goods sold Profit for the year 2024 $349,900 133,030 500,400 375,040 33,160 2023 $275,010 100,100 399,680 290,100 29,970 2022 $274,237 49,500 299,880 180,030 19,510 Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2024 and 2023. (Round answers to 1 decimal place, e.g. 52.7.) Gross profit margin Profit margin Asset turnover Return on assets Return on equity 2024 % % times. de % % 2023 % % times. % %
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Answer rating: 100% (QA)
To calculate the requested financial ratios well use the following formulas 1 Gross Profit Margin Ne... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0132928939
7th edition
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
Posted Date:
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