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The following balance sheet info is provided for Greene Company for 2017. Assets Cash $5,400 Accounts Receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant &
The following balance sheet info is provided for Greene Company for 2017. Assets Cash $5,400 Accounts Receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant & Equipment net of depreciation 20,200 Land 19,950 Total Assets $80,650 Liabilities & Stockholders' Equity Accounts Payable Salaries Pay Bonds payable (due in 2022) Common Stock (no par) Retained Earnings Total Liabilities & Stihldr Equity $4,500 11,500 19,000 30.000 15,650 $80.650 What is the company's Debt to Equity ratio? O 130% O 43% 0 77% QUESTION 6 2.5 points Save Answer The Poole Company reported the following income statement amounts for 2018. Sales $30,000 Cost of Goods Sold 8,000 Gross Margin $22.000 Selling and Administrative Expenses 10,000 Operating Income $12,000 Interest Expense 4,000 Income Before taxes $8,000 Income tax Expense 2.500 Net Income $5,500 What is Poole company's net margin? 73% O 40% O 18% O 27%
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