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Exercise 17-13 Computing current ratio and profit margin P3 Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin. Current assets.. Total assets....... Current liabilities. ****** ***** $9,000 11,477 900 Net sales ........... $4,400 Net income. 176 *******

Exercise 17-13 Computing current ratio and profit margin P3 Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin. Current assets.. Total assets....... Current liabilities. ****** ***** $9,000 11,477 900 Net sales ........... $4,400 Net income. 176 *******

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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Exercise 17-13 Computing current ratio and profit margin P3 Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin. Current assets..... Total assets........ Current liabilities ****** $ 9,000 11,477 900 Net sales ........... $4,400 Net income. 176 .....
Transcribed Image Text:Exercise 17-13 Computing current ratio and profit margin P3 Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin. Current assets..... Total assets........ Current liabilities ****** $ 9,000 11,477 900 Net sales ........... $4,400 Net income. 176 .....
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