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North Star Industries and South Pole Enterprises reported the following for 2023: North Star Industries: Revenue: $160 million COGS: $96 million Operating Expenses: $65 million
- North Star Industries and South Pole Enterprises reported the following for 2023:
North Star Industries:
- Revenue: $160 million
- COGS: $96 million
- Operating Expenses: $65 million
- Net Income: -$1 million
- Total Assets: $180 million
- Total Liabilities: $85 million
South Pole Enterprises:
- Revenue: $155 million
- COGS: $90 million
- Operating Expenses: $68 million
- Net Income: -$3 million
- Total Assets: $175 million
- Total Liabilities: $90 million
Compare the gross profit margins of both companies. Calculate the operating profit margins. Determine which company has a better debt-to-equity ratio.
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