Question
You are given the following information for Smashville, Inc. Cost of goods sold: $174,000 Investment income: $1,400 Net sales: $379,000 Operating expense: $86,000 Interest expense:
You are given the following information for Smashville, Inc. Cost of goods sold: $174,000 Investment income: $1,400 Net sales: $379,000 Operating expense: $86,000 Interest expense: $7,400 Dividends: $8,000 Tax rate: 21 % Current liabilities: $21,000 Cash: $21,000 Long-term debt: $46,000 Other assets: $38,000 Fixed assets: $130,000 Other liabilities: $3,000 Investments: $34,000 Operating assets: $64,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
Gross Margin
Operating Margin
Return on Investment
Return On Equity
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