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20 ) please answer. I will give a good feedback Exerclse 165 (Algo) Financlal Ratios for Assessing Profitability [LO16-5] Comparative financial statements for Weller Corporation,
20 ) please answer. I will give a good feedback
Exerclse 165 (Algo) Financlal Ratios for Assessing Profitability [LO16-5] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The compeny did not issue any new common stock during the year. A total of 990,000 sheres of common stock were outstanding. The interest rate on the bond paysble was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account. Required: Compute the following financial date for this year: 1. Gross margin percentege. (Round your percentage answer to 1 declmal place (Le., 0.1234 should be entered as 12.3).) 2. Net profit mergin percentege. (Round your percentage answer to 1 decimal place (L.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (I.e., 0.1234 should be entered as 12.3 ).) 4. Return on equity. (Round your percentage answer to 2 decimal places (1.e., 0.1234 should be entered as 1234 ).)Step by Step Solution
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