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The following condensed information is reported by World of Stamp Collectibles. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information
The following condensed information is reported by World of Stamp Collectibles. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2024 $13,464,000 8,711,208 400, 180 Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. $1,270,000 1,430,000 2023 $1,670,000 $1,570,000 2,270,000 1,970,000 $3,940,000 $3,540,000 870,000 370,000 $3,940,000 $9,100,000 6,600,000 318,000 $970,000 1,430,000 870,000 270,000 $3,540,000
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The Speed Of Risk Lessons Learned On The Audit Trail
Authors: Richard F. Chambers, CIA, QIAL, CGAP, CCSA, CRMA
2nd Edition
