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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 56CE
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