The following amounts were taken from the financial statements of Marigold Corp.: Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding Market price of common stock 2017 $805000 $1023000 736000 663000 353000 2016 93100 115000 129000 $40 The return on assets for 2017 is 346000 90000 $37

The following amounts were taken from the financial statements of Marigold Corp.: Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding Market price of common stock 2017 $805000 $1023000 736000 663000 353000 2016 93100 115000 129000 $40 The return on assets for 2017 is 346000 90000 $37

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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