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The following information pertains to Unique Company. Assume that all balance sheet ent both average and ending balance figures. Assume that all sales were on
The following information pertains to Unique Company. Assume that all balance sheet ent both average and ending balance figures. Assume that all sales were on amounts repres credit. Assets Cash and short-term investments S 40,000 25,000 Accounts receivable (net) 20,000 Inventory Property, plant and equipment Total Assets Liabilities and Stockholders Equity Current liabilities 60,000 85,000 Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders Equity $295.000 Income Statement S 85,000 45.000 Sales revenue Cost of goods sold 40,000 Gross margin Operating expenses Net income Number of shares of common stock 6,000 S20 Market price of common stock Dividends per share on common stock Cash provided by operations 0.90 S30,000 What is the profit margin for this company? 42.9% 18.8% 23.5% 0 15.0%
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