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please send a full answer Megaframe's quick ratio is: a. 3:1 b. 1:2 c. 1.6:1 d. 1:1 MEGAFRAME COMPUTER COMPANY Income Statement For the year
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Megaframe's quick ratio is: a. 3:1 b. 1:2 c. 1.6:1 d. 1:1 MEGAFRAME COMPUTER COMPANY Income Statement For the year ended December 31, 205 Sales (all on credit) Cost of goods sold Gross profit Selling and administrative expense Operating profit Interest expense Net income before taxes Taxes (50%) Net income $700,000 400,000 300,000 100,000 200,000 40,000 160,000 80,000 80,000 B) The firm's average collection period is: (Use 365 days in a year.) a. 20 days b. 31 days c. 25 days d. 12 days A) Using the DuPont method, return on assets (investment) for Megaframe Computer is approximately: a. 25% b. 20% c. 29% d. 15% Ancixar all thn n w ....... c) Times interest earned for Megaframe computer is: a. 10x b. 4x c. 5x d. 2x E) Compute Megaframe's after tax profit margin a. 46.34% b. 11.43% C. 14.29% d. 10.0%Step by Step Solution
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