The following financial information about NGC Company is available: Required Compute and interpret the following ratios: profit
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Compute and interpret the following ratios: profit margin, return on equity, return on assets, earnings per share, and price to earnings. Round percentages to one decimal point (i.e., 12.8%).
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Net income Common shares outstanding, January 1 Common shares outstanding, December 31 Market price at December 31 Sales Total assets, January 1 Total assets, December 31 Stockholders' equity, January 1 Stockholders equity, December 31 S 150,000 400,000 500,000 10.00 S 945,000 800,000 $1,000,000 S 450,000 475,000
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Profit margin Net incomeSales 150000945000 159 A ratio of 159 is high which means that NGC is able t...View the full answer
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