Key figures for Samsung follow (in $ millions). Cash and equivalents Accounts receivable, net Inventories Retained earnings $ 23,069 Cost of sales 30,144 Revenues 22,966 Total assets 218,440 $ 126,336 197, 691 302,511 Required: 1. Compute common-size percents for Samsung using the data given. 2. What is Samsung's gross margin ratio on sales? 3. Does Samsung's gross margin ratio outperform or underperform the industry average of 25%?

Key figures for Samsung follow (in $ millions). Cash and equivalents Accounts receivable, net Inventories Retained earnings $ 23,069 Cost of sales 30,144 Revenues 22,966 Total assets 218,440 $ 126,336 197, 691 302,511 Required: 1. Compute common-size percents for Samsung using the data given. 2. What is Samsung's gross margin ratio on sales? 3. Does Samsung's gross margin ratio outperform or underperform the industry average of 25%?

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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