A recent annual report issued by hhgregg revealed the following data: The company's income statement reported total
Question:
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The company's income statement reported total annual revenue of $2,077.7 million and net income for the year of $48.2 million.
Instructions
a. Evaluate hhgregg 's profitability by computing its net income percentage and its return on equity for the year.
b. Evaluate hhgregg 's liquidity by computing its working capital and its current ratio at the beginning of the year and at the end of the year.
c. Does hhgregg appear to be both profitable and liquid? Explain.
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a Net income percentage Net IncomeTotal Revenue 482 million20777 million 23 Return on equity Net Inc...View the full answer
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Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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