A company has the following data for the year: Sales revenue: $1,000,000 Cost of goods sold: $600,000
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Question:
A company has the following data for the year:
- Sales revenue: $1,000,000
- Cost of goods sold: $600,000
- Gross profit: $400,000
- Operating expenses: $250,000
- Net income: $100,000
Calculate the following financial ratios for the company:
a) Gross profit margin b) Operating profit margin c) Net profit margin d) Return on assets e) Return on equity
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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