Use the following excerpt from Dragonfly Corporation's balance sheer and its income statement to compute Dragonfly's profit

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Use the following excerpt from Dragonfly Corporation's balance sheer and its income statement to compute Dragonfly's profit margin and return on assets for 2018 and 2019. Comment on Dragonfly's profitability and changes in profitability from 2018 10 2019. Dragonfly's total assets at the end of 2017 were$ 157,534 million.

Assets (dollars in millio ns) 2019 2018 Current Assets $ 13 420 $ 19 355 Cashand Cash Equivalents Marketa ble Securities

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Intermediate Accounting

ISBN: 978-0134730370

2nd edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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