Question
Use the following data from Smith & Co. to calculate financial ratios: Total Assets: $500,000 Total Liabilities: $200,000 Net Income: $50,000 Total Equity: $300,000 Revenue:
Use the following data from Smith & Co. to calculate financial ratios:
- Total Assets: $500,000
- Total Liabilities: $200,000
- Net Income: $50,000
- Total Equity: $300,000
- Revenue: $200,000
- Cost of Goods Sold: $80,000
Calculate the following financial ratios: Debt-to-Equity Ratio, Return on Assets, and Gross Profit Margin.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
