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A COMPANY HAS SUPPLIED THE FOLLOWING FINANCIAL DATA: COMMON STOCK $10,000 PROFIT MARGIN 8% PROFIT AFTER TAX $7,000 RETAINED EARNINGS $20,000 TOTAL ASSETS $50,000 COMPUTE:
A COMPANY HAS SUPPLIED THE FOLLOWING FINANCIAL DATA:
COMMON STOCK $10,000
PROFIT MARGIN 8%
PROFIT AFTER TAX $7,000
RETAINED EARNINGS $20,000
TOTAL ASSETS $50,000
COMPUTE: SALES; TOTAL ASSET TURNOVER; RETURN ON EQUITY; RETURN ON ASSETS.
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