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Twin Rivers Casino, Inc. reported the following December 31 amounts in its financial statements: 2018 2017 Sales revenue $250.0 $210.0 Gross profit 75.0 68.0 Net
Twin Rivers Casino, Inc. reported the following December 31 amounts in its financial statements:
|
| 2018 | 2017 |
| Sales revenue | $250.0 | $210.0 |
| Gross profit | 75.0 | 68.0 |
| Net income | 28.0 | 21.0 |
| Total assets | 90.0 | 80.0 |
| Total stockholders equity | 40.0 | 36.0 |
Requirements: Compute the following for the 2018 ratios: A. Gross profit percentage B. Net profit margin C. Total asset turnover D. Return on assets
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