You are given the following information for Smashville, Incorporated. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: $ 249,000 $ 2,900 $ 394,000 $ 92,000 $ 7,400 $ 13,000 218 $ 22,000 $ 21,000 $ 9,000 $ 37,000 $ 139,000 $5,000 $ 13,000 $ 49,000 Investments: Operating assets: Calculate the gross margin, the operating margin, return on assets, and return on equity.
You are given the following information for Smashville, Incorporated. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: $ 249,000 $ 2,900 $ 394,000 $ 92,000 $ 7,400 $ 13,000 218 $ 22,000 $ 21,000 $ 9,000 $ 37,000 $ 139,000 $5,000 $ 13,000 $ 49,000 Investments: Operating assets: Calculate the gross margin, the operating margin, return on assets, and return on equity.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.5.1MBA
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Question
![You are given the following information for Smashville, Incorporated.
$249,000
$ 2,900
$ 394,000
$ 92,000
$ 7,400
$ 13,000
Cost of goods sold:
Investment income:
Net sales:
Operating expense:
Interest expense:
Dividends:
Tax rate:
Current liabilities:
Cash:
Long-term debt:
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
21%
Gross margin
Operating margin
Return on assets
Return on equity
$ 22,000
$ 21,000
$9,000
$ 37,000
$ 139,000
$ 5,000
$ 13,000.
$ 49,000
Calculate the gross margin, the operating margin, return on assets, and return on equity.
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa51af6ad-11a5-4544-8b2c-5ebf0b45a8e0%2Fde432707-4fa3-4ca3-91a7-ac17c5135d17%2Fogl6zve_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are given the following information for Smashville, Incorporated.
$249,000
$ 2,900
$ 394,000
$ 92,000
$ 7,400
$ 13,000
Cost of goods sold:
Investment income:
Net sales:
Operating expense:
Interest expense:
Dividends:
Tax rate:
Current liabilities:
Cash:
Long-term debt:
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
21%
Gross margin
Operating margin
Return on assets
Return on equity
$ 22,000
$ 21,000
$9,000
$ 37,000
$ 139,000
$ 5,000
$ 13,000.
$ 49,000
Calculate the gross margin, the operating margin, return on assets, and return on equity.
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
%
%
%
%
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