Question
Below are selected data from a recent annual report of Jagg Corporation. Beginning of the Year End of the Year Total assets $7,400 $8,100 Total
Below are selected data from a recent annual report of Jagg Corporation.
Beginning of the Year
End of
the Year
Total assets
$7,400
$8,100
Total stockholders' equity
$3,900
$4,600
Net sales
$14,000
Gross profit
$5,000
Operating income
$1,400
Net income
$1,000
Compute for the year the company's:
a) Gross Profit Rate
b) ROE
c) ROA
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Principles Of Financial Accounting
Authors: Kermit Larson, John Wild
20th Edition
77338235, 978-0077619442
