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The following amounts were taken from the financial statements of Marigold Corp.: 2022 2021 Total assets $825000 $1010000 Net sales 722000 657000 Gross profit
The following amounts were taken from the financial statements of Marigold Corp.: 2022 2021 Total assets $825000 $1010000 Net sales 722000 657000 Gross profit 353000 332000 Net income 146800 124000 Weighted average number 88300 88000 of common shares outstanding Market price of common $41 $38 stock The return on assets for 2022 is 8%. 15%. 18%. 16%.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
