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Accounting
Current Attempt in Progress The following amounts were taken from the financial statements of Thompson Corporation: Total assets Net sales Gross profit Net Income Weighted average number of common shares Market price of common shares The return on assets ratio for 2018 is 16%. 36%. O 18%. 32%. 2018 $800,000 $1,000,000 760,000 352,000 144,000 380,000 2017 44 720,000 320,000 117,000 380,000 48

Current Attempt in Progress The following amounts were taken from the financial statements of Thompson Corporation: Total assets Net sales Gross profit Net Income Weighted average number of common shares Market price of common shares The return on assets ratio for 2018 is 16%. 36%. O 18%. 32%. 2018 $800,000 $1,000,000 760,000 352,000 144,000 380,000 2017 44 720,000 320,000 117,000 380,000 48

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress The following amounts were taken from the financial statements of Thompson Corporation: Total assets Net sales Gross profit Net Income Weighted average number of common shares Market price of common shares The return on assets ratio for 2018 is 16%. 36%. 18%. O 32%. 2018 $800,000 $1,000,000 760,000 352,000 144,000 380,000 44 2017 720,000 320,000 117,000 380,000 48
Transcribed Image Text:Current Attempt in Progress The following amounts were taken from the financial statements of Thompson Corporation: Total assets Net sales Gross profit Net Income Weighted average number of common shares Market price of common shares The return on assets ratio for 2018 is 16%. 36%. 18%. O 32%. 2018 $800,000 $1,000,000 760,000 352,000 144,000 380,000 44 2017 720,000 320,000 117,000 380,000 48
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