3. The firm's Net Profit Margin in 2023 was a. 11.69 b. 16.73 c. 12.74 d. 10.62 e. 15.49 4. The entry for Inventories on the 2023 common-sized balance sheet was a. 16.07 b. 13.59 c. 16.63 d. 15.34 e. 14.04 5. The current ratio in 2023 was %. a. 1.97 b. 2.08 c. 2.14 d. 2.61 e. 2.89.
3. The firm's Net Profit Margin in 2023 was a. 11.69 b. 16.73 c. 12.74 d. 10.62 e. 15.49 4. The entry for Inventories on the 2023 common-sized balance sheet was a. 16.07 b. 13.59 c. 16.63 d. 15.34 e. 14.04 5. The current ratio in 2023 was %. a. 1.97 b. 2.08 c. 2.14 d. 2.61 e. 2.89.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:USE THE FOLLOWING INFORMATION FOR QUESTIONS 2-8
2022
104,539
320,715
Category
Accounts payable
Accounts receivable
Accruals
Additional paid in capital
Cash
Common Stock
COGS
Current portion long-term debt
Depreciation expense
Interest expense
Inventories
Long-term debt
Net fixed assets
Notes payable
Operating expenses (excl. depr.)
Retained earnings
Sales
Taxes
40,500
500,000
17,500
94,000
328,500
33,750
54,000
40,500
279,000
336,461
956,535
148,500
126,000
316,000
639,000
24,750
2023
131,306
???
33,750
541,650
47,500
105,000
431,391
35,000
54,859
41,146
288,000
421,194
999,000
182,000
162,322
342,000
825,002
47,658
Transcribed Image Text:3. The firm's Net Profit Margin in 2023 was
a. 11.69
b. 16.73
c. 12.74
d. 10.62
e. 15.49
4. The entry for Inventories on the 2023 common-sized balance sheet was
a. 16.07
b. 13.59
c. 16.63
d. 15.34
e. 14.04
5. The current ratio in 2023 was %.
a. 1.97
b. 2.08
c. 2.14
d. 2.61
e. 2.89
%.
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