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The financial details for Google for the year ended December 31, 2023, are provided below: Income Statement: Net Sales: $1,500,000 Cost of Sales: $1,000,000 Operating
The financial details for Google for the year ended December 31, 2023, are provided below:
Income Statement:
Net Sales: $1,500,000
Cost of Sales: $1,000,000
Operating Expenses: $400,000
Taxes: $30,000
Net Income: $70,000
Balance Sheet:
Cash: $160,000
Accounts Receivable: $200,000
Inventory: $250,000
Operational Assets: $450,000
Current Liabilities: $250,000
Long-term Debt: $300,000
Shareholders’ Equity: $510,000
Compute the gross profit margin.
Calculate the return on assets (ROA).
Determine the quick ratio.
Find the net profit margin.
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