Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help needed please ASAP THANK YOU P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios LO12-5, 12-7, 12-10 The comparative financial
Help needed please ASAP THANK YOU P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios LO12-5, 12-7, 12-10 The comparative financial statements prepared at December 31, year 2, for Goldish Company showed the following summartzed da One-third was credit sales. tDuring Year 2 cosh dividends amounting to $7.600 were declared and paid: Required: 1. Present component percentages for Year 2 only. (Input all amounts as positlve values. Round the final answers to the nearest Whole percent. Percentages may not add exactly due to rounding.) Compute the following for year 2 . 2-a. Gross profit margin ratio. (Round percentage enswer to 1 decimal ploce l.e., 0.124 should be entered is 12.4 ). 2-b. Income tax rate. (Round percentege enswer to 1 decimal ploce l.e., 0.124 should be entered as 12.4.) 2-c. Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentoge onswer to 2 decimal places Le. 0.1243 should be entered os 12.43. .) 2-d. Percentage of total resources invested in property, plant, and equipment, (Round percentage anuwer to 2 decimal piaces Li. 0.1243 should be entered os 12.43 .) 2e. Debt-to-equity ratio. Interpret the result (Round the final enswer to 2 decimal piacts.) should be entered as 12.43.) 2-g. Return on equity. (Round percentage answer to 2 decimal places L.e, 0.1243 should be entered as 12.43 )
Help needed please ASAP THANK YOU
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