Question
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
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
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
