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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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