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Meta Corporation had sales totaling $2,000,000 in the fiscal year 2021. Some ratios for the company are listed below. Use this information to determine the
Meta Corporation had sales totaling $2,000,000 in the fiscal year 2021. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement accounts. Show your work! Meta Corporation. Year ended Dec, 31st, 2021 Gross profit margin Operating profit margin 60% 30% 20% 25% Return on total assets Return on equity Total asset turnover Net profit margin 2 5% Meta Corporation. Income statement Year ended Dec, 31st, 2021 ales $2,000,000 ost of goods sold oss profit erating expenses rating profit est expense ings before tax Expense 40% ofit after tax
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