Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses $200,000 current liabilities $120,000 Non-current liabilities $200,000 share capital $
X Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses $200,000 current liabilities $120,000 Non-current liabilities $200,000 share capital $ 500,000 Retained earnings $ 300,000 the gross margin ratio is a. 34% b. 17% c. 20% d. 3 x X Co. reported total assets 500,000, current liabilities 80,000, non-current liabilities 100,000 and equity 320,000. Leverage ratio is a. 56.25% b. 20% c. 45% d. 23.81%
X Co. has the following information:
Sale $ 1,200,000
Cost of sales $800,000
Operating expenses $200,000
current liabilities $120,000
Non-current liabilities $200,000
share capital $ 500,000
Retained earnings $ 300,000
the gross margin ratio is
a.
34%
b.
17%
c.
20%
d.
3 x
X Co. reported total assets 500,000, current liabilities 80,000, non-current liabilities 100,000 and equity 320,000. Leverage ratio is
a.
56.25%
b.
20%
c.
45%
d.
23.81%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started