Question
XYZ Company presents the following financial information: Total assets: $600,000 Total liabilities: $250,000 Shareholders' equity: $350,000 Net income: $70,000 Total revenues: $400,000 Total expenses: $330,000
XYZ Company presents the following financial information:
- Total assets: $600,000
- Total liabilities: $250,000
- Shareholders' equity: $350,000
- Net income: $70,000
- Total revenues: $400,000
- Total expenses: $330,000
Calculate the following: a) Current ratio b) Debt-to-equity ratio c) Return on assets d) Gross profit margin
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
