Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CASH 500000 CURRENT 90000 LIABILITY AIR 100000 LTD 800000 INVENTORY 160000 CA ? OWENERS ? EQUITY 1800000 FIXED ASSSET TA 1000000 # OF SHARES SALES
CASH 500000 CURRENT 90000 LIABILITY AIR 100000 LTD 800000 INVENTORY 160000 CA ? OWENERS ? EQUITY 1800000 FIXED ASSSET TA 1000000 # OF SHARES SALES 4000000 PRICE 25 COGS 3500000 WHAT IS THE CURRENT ASSET 760000 One possible correct answer is: 760000 WHAT IS THE TOTAL ASSET 2560000 One possible correct answer is: 2560000 WHAT IS THE OWNERS EQUITY 1670000 One possible correct answer is: 1670000 Tlay WHAT IS THE OPERATING PROFIT 1000000 One possible correct answer is: 1000000 WHAT IS THE EARNING BEFORE TAX 900000 One possible correct answer is: 900000 WHAT IS THE NET INCOME 585000 One possible correct answer is: 585000 WHAT IS THE RETURN ON ASSET One possible correct answer is: 0.24074074074074 WHAT IS THE RETURN ON EQUITY One possible correct answer is: 0.40909090909091 WHAT IS THE GROSS PROFIT MARGIN 0.375 One possible correct answer is: 0.375 Tlay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started