Question
XYZ Corporation provides the following financial information: Total Assets: $500,000 Total Liabilities: $200,000 Net Income: $50,000 Total Equity: $300,000 Revenue: $200,000 Cost of Goods Sold:
XYZ Corporation provides the following financial information:
- 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 Debt-to-Equity Ratio, Return on Assets, and Gross Profit Margin for XYZ Corporation and interpret the results.
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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
