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The following information is available for Yummy Cheese Corp. and Tasty Cheese .: Yummy Cheese Tasty Cheese Total Asset Turnover 0.7 28 Net Profit Margin

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The following information is available for Yummy Cheese Corp. and Tasty Cheese .: Yummy Cheese Tasty Cheese Total Asset Turnover 0.7 28 Net Profit Margin 16.6% 15.45 Which of the following is FALSE? Tasty Cheese makes less profit on each $1 of sales than Yummy Cheese. each Tasty Cheese has a higher return on assets (ROA) than Yummy Cheese. Yummy Cheese is likely a more premium brand of cheese than Tasty Cheese. The only way Yummy Cheese can increase its return on assets (ROA) is to use its assets more efficiently to generate sales. Here is information from the December 31, 2020 Balance Sheet of the Wildcat Corporation: 2020 Total Assets 300,000 Total Liabilities 200,000 Contributed Capital (8,000 shares ? outstanding) Retained Earnings 12,000 When Wildcat issued its common stock, what is your best estimate of the average price per share that Wildcat received? $ $10 $12.50 $11 I have no basis at all to make such an estimate

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