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Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $
Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $ 16,753 720,855 91,932 111, 201 206,935 133,851 The return on total assets is: (Do not round intermediate calculations.) Multiple Choice 2.41%. 2.94% 2.65%. 2.32%. 6.16%. Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for Year 2. Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 Year 1 $485,500 $427,650 277,700 251,520 11,100 12,100 68,650 54,080 47,450 41,300 319,900 296,400 174,400 168,700 145,500 127,700 Multiple Choice O 17.1%. O 9.8%. O 12.1%. o 14.1%. 32.6%. Refer to the following selected financial information from Texas Electronics. Compute the company's accounts receivable turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 38,200 $ 32,950 97,000 63,500 89,000 83,000 124,500 128,500 12,800 10,400 391,500 341,500 109,900 111,300 714,500 679,500 393,500 378,500 Multiple Choice O 8.03. 7.37 O o 8.31. 8.61. O O 5.74
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