Intro We have the following information for Noble Fir Corp. for last year: Value $720,000 0.73 Variable Sales Gross profit margin Operating profit margin Net profit margin Total asset turnover Equity multiplier 0.54 0.27 0.4 1.8 Note that gross profit margin equals (Sales - COGS) / Sales and operating profit margin equals EBIT / Sales. - Attempt 1/10 for 10 pts. Part 1 What is gross profit? 525,600 Correct Gross profit margin = Gross profit / Sales # Gross profit = Gross profit margin * Sales = 0.73 * 720,000 = 525,600 Gross profit is the difference between sales (or revenue) and the cost of making a product or providing a service (cost of goods sold, or COGS), before subtracting overhead expenses, taxes and interest. Attempt 1/10 for 10 pts. Part 2 What is the costs of goods sold (COGS)? 194400 Correct Gross profit = Sales - COGS COGS = Sales - Gross profit = 720,000 - 525,600 = 194,400 Part 4 18 | Attempt 1/10 for 10 pts. What is net income? 0+ decimals Submit Part 5 | Attempt 1/10 for 10 pts. What are total assets? 0+ decimals Submit Part 6 18 | Attempt 1/10 for 10 pts. What is total equity? 0+ decimals Submit Part 7 IB | Attempt 1/10 for 10 pts. What is return on assets? 4+ decimals Submit Part 6 18 Attempt 1/10 for 10 pts. What is total equity? 0+ decimals Submit Part 7 * Attempt 1/10 for 10 pts. What is return on assets? 4+ decimals Submit 18 Attempt 1/10 for 10 pts. Part 8 What is return on equity? 4+ decimals Submit