Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:

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: 40 % 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. Omit the "%" sign in your response.) Gross margin % Operating margin % Return on assets % Return on equity %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Nurse Managers Guide To Budgeting And Finance

Authors: Al Rundio

2nd Edition

1940446589, 978-1940446585

More Books

Students also viewed these Finance questions