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Key figures for Samsung follow (in $ millions). Cash and equivalents $23,069 Cost of sales $ 126,336 197,691 30,144 Revenues Accounts receivable, net Inventories 302,511 22,966 Total assets. 218,440 Retained earnings 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 $23,069 Cost of sales $ 126,336 197,691 30,144 Revenues Accounts receivable, net Inventories 302,511 22,966 Total assets. 218,440 Retained earnings 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
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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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for Samsung using the data given. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) $ millions Samsung Cash and equivalents % Accounts receivable, net % Inventories % Retained earnings % Cost of sales % Revenues % Total assets % < Required 1 Required 2 >
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for Samsung using the data given. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) $ millions Samsung Cash and equivalents % Accounts receivable, net % Inventories % Retained earnings % Cost of sales % Revenues % Total assets % < Required 1 Required 2 >
AA 17-3 Extended Analysis LO A1 Key figures for Samsung follow (in $ millions). Cash and equivalents $ 23,069 Cost of sales 30,144 Revenues Accounts receivable, net Inventories $ 126,336 197,691 302,511 22,966 Total assets 218,440 Retained earnings 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%?
Transcribed Image Text:AA 17-3 Extended Analysis LO A1 Key figures for Samsung follow (in $ millions). Cash and equivalents $ 23,069 Cost of sales 30,144 Revenues Accounts receivable, net Inventories $ 126,336 197,691 302,511 22,966 Total assets 218,440 Retained earnings 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%?
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