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Dulaney's Stores has posted the following yearly earnings and expenses. Click the icon to view the yearly data. a. Dulaney's current profit margin is
Dulaney's Stores has posted the following yearly earnings and expenses. Click the icon to view the yearly data. a. Dulaney's current profit margin is 11.9 %. (Enter your response rounded to one decimal place.) Dulaney's current yearly ROA is 92.82 %. (Enter your response rounded to one decimal place.) b. Suppose COGS and merchandise inventory were each cut by 5%. The new pretax profit margin is 16.6 %. (Enter your response rounded to one decimal place.) The new ROA is %. (Enter your response rounded to one decimal place.) More info Earnings and Expenses (Year Ending January 2012) Sales $78,000,000 Cost of goods sold (COGS) $73,000,000 Pretax earnings $9,282,000 Selected Balance Sheet Items Merchandise Inventory $4,641,000 Total assets $10,000,000 Done -
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