A. Paradise Pizza's balance sheet reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. Net income and sales for the year are $240,000 and $2,000,000, respectively. What is the profit margin of Paradise Pizza?

B. Paradise Pizza's balance sheet reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. Net income and sales for the year are $240,000 and $2,000,000, respectively. What is Paradise Pizza's return on assets?

C. Alliance Products purchased equipment that cost $120,000. It had an estimated useful life of four years and had no residual value. The equipment was depreciated using the straight-line method and was sold at the end of the second year of use for $65,000 cash. What amount  Alliance must register?

Answer rating: 100% (QA)

A To calculate the profit margin of Paradise Pizza we need to divide the net income by the sales and ... View the full answer