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You are given the following information for Smashville, Inc. Cost of goods sold: $ 254,000 Investment income: $ 3,000 Net sales: $ 379,000 Operating expense:
You are given the following information for Smashville, Inc.
Cost of goods sold: | $ | 254,000 | |
Investment income: | $ | 3,000 | |
Net sales: | $ | 379,000 | |
Operating expense: | $ | 84,000 | |
Interest expense: | $ | 7,400 | |
Dividends: | $ | 17,000 | |
Tax rate: | 35 | % | |
Current liabilities: | $ | 28,000 |
Cash: | $ | 21,000 |
Long-term debt: | $ | 8,000 |
Other assets: | $ | 38,000 |
Fixed assets: | $ | 169,000 |
Other liabilities: | $ | 5,000 |
Investments: | $ | 14,000 |
Operating assets: | $ | 41,000 |
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 assets | % | |
Return on equity | % |
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