Evergreen Tools Inc. has the following financial details: • Total assets: $4,000,000 • Sales: $5,000,000 • • Operating costs: $4,200,000 Total current liabilities: $500,000, consisting of $350,000 accruals and $150,000 notes payable • Long-term debt: $1,500,000 • Common equity: $1,800,000 Interest charges: $120,000 • Tax rate: 30% What is Evergreen Tools Inc.'s profit margin?

Evergreen Tools Inc. has the following financial details: • Total assets: $4,000,000 • Sales: $5,000,000 • • Operating costs: $4,200,000 Total current liabilities: $500,000, consisting of $350,000 accruals and $150,000 notes payable • Long-term debt: $1,500,000 • Common equity: $1,800,000 Interest charges: $120,000 • Tax rate: 30% What is Evergreen Tools Inc.'s profit margin?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 62BE: Brief ExerciseRatio Analysis Valiant Corporation has $1,800,000 in total liabilities, $800,000 of...

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