Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Siskiyou Inc. has total current assests of 1,200,000; total current liabilities of $500,000; and long-term assests of $800,000. How much is the firm's Total Liabilities

Siskiyou Inc. has total current assests of 1,200,000; total current liabilities of $500,000; and long-term assests of $800,000. How much is the firm's Total Liabilities & Equity?

a) 2,000,000

b) 1,800,000

c) 2,500,000

d) 1,300,000

Rogue Industries reported the following items for the current year. Sales=$300,000;Cost of Goods Sold =$1,500,000;DepreciationExpense=$170,000;Administrative expenses =$150,000;Interest Expense=$30,000;Marketing expenses=$80,000; and Taxes=$300,000;Rogues operating profit margin is equal to

a) 35.67%

b)50.00%

c)25.67%

d)36.67%

Please show how you got these calculatons so that I can learn how to correctly do similar problems to theses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

List the different categories of international employees. page 642

Answered: 1 week ago

Question

Explain the legal environments impact on labor relations. page 590

Answered: 1 week ago