The following information pertains to XYZ Company: Total assets: $500,000 Total liabilities: $200,000 Shareholders' equity: $300,000 Net
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The following information pertains to XYZ Company:
- Total assets: $500,000
- Total liabilities: $200,000
- Shareholders' equity: $300,000
- Net income: $50,000
- Total revenues: $300,000
- Total expenses: $250,000
Calculate the following: a) Current ratio b) Debt-to-equity ratio c) Return on assets d) Gross profit margin
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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