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Question two: (8 marks) listed below. Use this information to determine the dollar values of various income statemer Meta Corporation had sales totaling $2,000,000 in
Question two: (8 marks) listed below. Use this information to determine the dollar values of various income statemer Meta Corporation had sales totaling $2,000,000 in the fiscal year 2021. Some ratios for the c Show your work! Gross profit margin Operating profit margin Meta Corporation. Year ended Dec, 31st, 2021 60% 30% 10%. Return on total assets Return on equity Total asset turnover Net profit margin 25% 2 5% Meta Corporation. Income statement Year ended Dec, 31st, 2021 Sales $2,000,000 Cost of goods sold Gross profit Operating expenses Operating profit Interest expense Earnings before tax Tax expense 40% Net profit after tax
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