Question: I just need answers. Do not need explanations please. 8 LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2017 and 2018 2018 2017
I just need answers. Do not need explanations please.
8 LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2017 and 2018 2018 2017 Gross sales $21, 200 $16, 650 Sales returns and allowances 800 100 8 01:05:25 Net sales $20, 400 $16 , 550 Cost of merchandise (goods) sold 11, 450 8, 400 Gross profit $ 8, 950 $ 8, 150 Operating expenses: Depreciation 920 710 Selling and administrative 3, 850 3, 100 Research 770 610 Miscellaneous 580 410 Total operating expenses $ 6, 120 $ 4, 830 Income before interest and taxes $ 2, 830 $ 3,320 Interest expense 780 610 Income before taxes $ 2, 050 $ 2, 710 Provision for taxes 820 1, 084 Net income $ 1, 230 $ 1, 6261061C CDHTAH! Comparative Balance sheet December 31, 2E1? and 201s l 2E1? Assets Current assets: Cash $13,103 $l,l Accounts receivable 1?,6 13,6 Merchandise inventory 9,6 15,1 Prepaid expenses 25,1 11,1 Total current assets $55,4 $49,9 Plant and equipment: Building {net} $15,60 $12,10D Land 14, E Total plant and equipment gggiggg EEELEEQ Total assets $95,60 $T2,1 Liabilities Current liabilities: Accounts payable $14,1 $ B,l Salaries payable 3,1 6,100 Total current liabilities $22,2 $14,2 Long-term liabilities: Mortgage note payable 23,1 21,6 Total liabilities $45,303 $35,H Stockholders' Equity Common stock $22,1 $22,2 Retained earnings 23,2 14,1 Total stockholders\" equity $50,3 $36,3 Total liabilities and stockholdersIr equity $95:50 $72-13\" Calculate net income [after tax] to the net sales. [Round your answers to the nearest hundredth.) Net income to net sales Find the following ratios for Motorola Credit Corporation's annual report: (dollars in millions) 10 Net revenue (sales) $ 273 Net earnings 151 Total assets 2,055 Total liabilities 1, 796 Total stockholders' equity 259 00:57:27 a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent.) Total debt to total assets % b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.) Return on equity %% c. Find the asset turnover ratio. (Round your answer to the nearest hundredth.) Asset turnover d. Find the profit margin ratio on net sales. (Round your answer to the nearest hundredth percent.)
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