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Mary's Marketplace is comparing her financial statements with her competitor, Mica's Main Grocery. Both Mary and Mica are in their first year of operations, and
Mary's Marketplace is comparing her financial statements with her competitor, Mica's Main Grocery. Both Mary and Mica are in their first year of operations, and their only source of revenue is from Net Sales. The following consolidated financial data is provided for both companies.
Mary's Marketplace
Current Assets | $30,000 |
Total Assets | $100,000 |
Current Liabilities | $20,000 |
Total Liabilities | $70,000 |
Shareholder's Equity | $30,000 |
Net Sales | $300,000 |
Cost of Goods Sold | $160,000 |
Total Expenses (Including COGS) | $220,000 |
Mica's Main Grocery
Current Assets | $90,000 |
Total Assets | $200,000 |
Current Liabilities | $100,000 |
Total Liabilities | $150,000 |
Shareholder's Equity | $50,000 |
Net Sales | $500,000 |
Cost of Goods Sold | $230,000 |
Total Expenses (Including COGS) | $300,000 |
Using the following information, determine which of the two companies has higher...
- Working Capital Mica's Main Grocery
- Current Ratio Mica's Main Grocery
- Return on Assets Mary's Marketplace
- Gross Profit Percentage Mary's Marketplace
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