Question
Shown below is selected information from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the per share data.) Income
Shown below is selected information from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the per share data.) Income statement information: Net sales: Cost of goods sold Operating expenses Net income Balance sheet information: Average total equity Average total assets $ 3,500 $ 1,890 $ 675 $ 115 $ 540 $ 4,400 Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year-end, the Wall Street Journal liste Noble's capital stock as trading at $81 share. per Noble's gross profit rate was:?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
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