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ou are given the following information for Smashville, Inc. Cost of goods sold: 199,000 Investment income: 1,900 Net sales: 384,000 Operating expense: 88,000 Interest expense:

ou are given the following information for Smashville, Inc.

Cost of goods sold: 199,000
Investment income: 1,900
Net sales: 384,000
Operating expense: 88,000
Interest expense: 7,400
Dividends: 7,000
Tax rate: 30
Current liabilities: 14,000
Cash: 21,000
Long-term debt: 29,000
Other assets: 43,000
Fixed assets: 133,000
Other liabilities: 5,000
Investments: 39,000
Operating assets: 35,000

Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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