Question
2.7 Financial information for BAMMM. follows for year ends 12/31/2020 and 12/31/2019 follow: 2020 2019 Current Assets 13,000 14,500 Total Assets 48,000 45,500 Total Liabilities
2.7 Financial information for BAMMM. follows for year ends 12/31/2020 and 12/31/2019 follow:
| 2020 | 2019 | |
| Current Assets | 13,000 | 14,500 |
| Total Assets | 48,000 | 45,500 |
| Total Liabilities | 34,000 | 29,500 |
| Sales | 22,000 | 23,000 |
| Gross Profit | 14,000 | 14,500 |
| Net Income | 2,400 | 2,800 |
Problem 5.1
The DuPont Model ratio for 2020 is:
Group of answer choices
16.00%
17.14%
17.33%
15.00%
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Basic Accounting Concepts Principles And Procedures Volume 1
Authors: Gregory Mostyn, Worthy And James
2nd Edition
0991423100, 978-0991423101
