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You are given the following information for Smashville, Inc. Cost of goods sold: $ 175,000 Investment income: $ 2,800 Net sales: $ 237,000 Operating expense:
You are given the following information for Smashville, Inc. |
Cost of goods sold: | $ | 175,000 | |
Investment income: | $ | 2,800 | |
Net sales: | $ | 237,000 | |
Operating expense: | $ | 42,000 | |
Interest expense: | $ | 7,400 | |
Dividends: | $ | 10,000 | |
Tax rate: | 30 | % | |
Current liabilities: | $ | 18,000 |
Cash: | $ | 21,000 |
Long-term debt: | $ | 10,000 |
Other assets: | $ | 36,000 |
Fixed assets: | $ | 89,000 |
Other liabilities: | $ | 5,000 |
Investments: | $ | 12,000 |
Operating assets: | $ | 24,000 |
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 | % |
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