The comparative financial statements prepared at December 31, 2022, for Walmart showed the following summarized data: Income
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Question:
The comparative financial statements prepared at December 31, 2022, for Walmart showed the following summarized data:
Income Statement:
Sales Revenue: $500,000
Cost of Goods Sold: $350,000
Operating Expenses: $100,000
Income Tax: $15,000
Net Income: $35,000
Balance Sheet:
Cash: $50,000
Accounts Receivable: $100,000
Inventory: $150,000
Operational Assets: $200,000
Current Liabilities: $120,000
Long-term Liabilities: $130,000
Equity: $250,000
Calculate the return on equity (ROE).
Determine the current ratio.
Find the debt-to-equity ratio.
Compute the net profit margin.
Posted Date: