Question
Financial details for UrbanTransport Ltd. are as follows: oRevenue: $60 million oCost of Goods Sold: $30 million oOperating Expenses: $12 million oNet Income: $8 million
Financial details for UrbanTransport Ltd. are as follows:
oRevenue: $60 million
oCost of Goods Sold: $30 million
oOperating Expenses: $12 million
oNet Income: $8 million
oTotal Assets: $70 million
oTotal Liabilities: $25 million
Requirements:
oCalculate the gross profit and net profit margins.
oCompute the return on equity (ROE).
oDetermine the quick ratio, assuming inventory is $8 million and current liabilities are $15 million.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
