Sara is trying to analyze Henley Company finances but realizes that she was missing the company's net profits after taxes for the current year. Find the company's net profits after tax. ROA = 2.5% Total asset turnover = 0.5 COGS = $105,000 Gross profit margin = 0.30
Sara is trying to analyze Henley Company finances but realizes that she was missing the company's net profits after taxes for the current year. Find the company's net profits after tax. ROA = 2.5% Total asset turnover = 0.5 COGS = $105,000 Gross profit margin = 0.30
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Sara is trying to analyze Henley Company finances but realizes that she was missing the company's net profits after taxes for the current year. Find the company's net profits after tax.
ROA = 2.5%
Total asset turnover = 0.5
COGS = $105,000
Gross profit margin = 0.30
Expert Solution
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Step 1
Return on assets = 2.5%
Total asset turnover = 0.50
COGS = $ 105,000
Gross profit margin = 0.30
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