Martha's Enterprises spent $2,400 to purchase equipment three years ago. This equipment is currently valued at $1,800 on today's balance sheet but could actually be sold for $2,000. Net working capital is $200 and long-term debt is $800. Assuming the equipment is the firm's only fixed asset, what is the book value of shareholders' equity? The following amounts were reported by the two companies: Raiden Inc. Nash Company Net Income $42,000 $55,000 Total Assets $75,000 $94,000 Total Liabilities $40,000 $60,000 Total Revenues $120,000 $137,500 Required: 1.Calculate each company's net profit margin expressed as a percent. 2.Which company has generated a greater return of profit from each revenue dollar? State the basis for your answer.

Martha's Enterprises spent $2,400 to purchase equipment three years ago. This equipment is currently valued at $1,800 on today's balance sheet but could actually be sold for $2,000. Net working capital is $200 and long-term debt is $800. Assuming the equipment is the firm's only fixed asset, what is the book value of shareholders' equity? The following amounts were reported by the two companies: Raiden Inc. Nash Company Net Income $42,000 $55,000 Total Assets $75,000 $94,000 Total Liabilities $40,000 $60,000 Total Revenues $120,000 $137,500 Required: 1.Calculate each company's net profit margin expressed as a percent. 2.Which company has generated a greater return of profit from each revenue dollar? State the basis for your answer.

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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