Calculate the gross profit margin for a firm with sales of $55,000,000 and cost of goods sold of $46,000,000
Question 28
Calculate the gross profit margin for a firm with sales of $55,000,000 and cost of goods sold of $46,000,000
Question 29
During the latest year XYZ Corporation has total sales of $400,000, net income of 10,000 and its were $250,000. The firm's total debt to total assets ratio was 40%, what is firm's return on assets RONNEn year-end total assets (ROA)?
Homework Answers
Gross profit = Sales – cost of goods sold
= 55,000,000- 46,000,000
= $9,000,000
Margin = Gross profit/ sales
= 9m/55m
= 0.1636
Q2: ROA = Net income/ Assets
= 10000/250000
= 0.0400
Add Answer to:
Calculate the gross profit margin for a firm with sales of $55,000,000 and cost of goods sold of $46,000,000
During the latest year. XYZ Corporation has total sales of $400,000
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