Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company: Goldman Sachs Group, Inc. Item Amount (in millions) Net Sales $45,140 Cost of Goods Sold (COGS) $25,100 Gross Profit $20,040 Operating Expenses $12,900 Operating

Company: Goldman Sachs Group, Inc.

Item

Amount (in millions)

Net Sales

$45,140

Cost of Goods Sold (COGS)

$25,100

Gross Profit

$20,040

Operating Expenses

$12,900

Operating Income

$7,140

Net Income

$4,150

Total Assets

$990,000

Total Equity

$95,000

Questions:

  1. Calculate Goldman Sachs’ gross profit margin.
  2. Determine the operating profit margin.
  3. What is the net profit margin?
  4. Compute the return on assets (ROA).
  5. What is the return on equity (ROE)?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Accounting

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

978-0077300456, 0077300459

More Books

Students also viewed these Accounting questions

Question

Identify the base case in the following code.if ( high > = 1 0 w )

Answered: 1 week ago

Question

Compare four decision-making styles.

Answered: 1 week ago