Question
Gamma Corporation provided the following financial information: Total assets: $1,000,000 Total liabilities: $500,000 Equity: $500,000 Sales revenue: $750,000 Cost of goods sold: $400,000 Operating expenses:
Gamma Corporation provided the following financial information:
- Total assets: $1,000,000
- Total liabilities: $500,000
- Equity: $500,000
- Sales revenue: $750,000
- Cost of goods sold: $400,000
- Operating expenses: $200,000
- Net income: $150,000
Calculate the following financial ratios for Gamma Corporation: a) Debt-to-equity ratio b) Profit margin c) Return on equity
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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
