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The following shoes Spandust Ind. income statement for the last 2 years. The company has assets of $10,575 million in the 1st year and $16,916
The following shoes Spandust Ind. income statement for the last 2 years. The company has assets of $10,575 million in the 1st year and $16,916 million in the 2nd year. Common equity was equal to $5,625 million in the 1st year, 100% of earnings were paid out as dividends in the first year, and the firm did not issue new stock in the second year.
net sales | year 2: 5,715 | year 1: 4,500 |
operating costs except depreciation and amortization | 1,120 | 1,040 |
depreciation and amortization | 286 | 180 |
total operating costs | 1406 | 1,220 |
operating income or (EBIT) | 4,309 | 3,280 |
less; interest | 431 | 262 |
earnings before taxes (ebit) | 3,878 | 3,018 |
less: taxes (40%) | 1,551 | 1,207 |
net income | 2,327 | 1,811 |
operating margin | year 2: (need answer) | year 1: 72.89% |
profit margin | 40.72% | (need answer) |
return on total assets | need answer | 17.13% |
return on common equity | need answer | 32.20% |
Basic earning power | 25.47% | need answer |
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