Use the following excerpt from Dragonfly Corporation's balance sheer and its income statement to compute Dragonfly's profit
Question:
Use the following excerpt from Dragonfly Corporation's balance sheer and its income statement to compute Dragonfly's profit margin and return on assets for 2018 and 2019. Comment on Dragonfly's profitability and changes in profitability from 2018 10 2019. Dragonfly's total assets at the end of 2017 were$ 157,534 million.
Transcribed Image Text:
Assets (dollars in millio ns) 2019 2018 Current Assets $ 13 420 $ 19 355 Cashand Cash Equivalents Marketa ble Securities 7,623 2 394 Accounts Receivab e Trade, Net 22,120 20 872 47,415 Inventories 45 630 Prepaid Expenses and Other Recevab es 1,312 1,264 89 515 91,890 Total Current Assets 67,045 65.762 Property, Pant and Equipment, Net Other Assets 3.770 3,773 $159,047 Total Assets $162,708 (in milions) 2018 2019 $ 63,762 $ 61,890 Sales Cost of Goods So d 30.096 33.092 30,670 Gross Profit 31,794 Seling, General, and Administrative Expenses 15 335 15,897 7,844 Research and Deve lopm ent Expense 7.052 142 Interest Expense 145 7,911 Earnings Before Taxes 8,138 IncomeTax Expense 2,848 2,769 $ 5 290 $ 5. 142 Net Ircome
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Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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