Chapter 1, Problem 19.2EC

Please solve the financial accounting question without use Ai

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The following financial data is available for Summit Corp. for the year 2022: Net Income (2022): $250 million Net Sales (2022): $3,400 million Total Assets (12/31/2020): $2,200 million Total Assets (12/31/2021): $2,750 million Total Assets (12/31/2022): $3,100 million Calculate Summit Corp.'s return on assets (ROA) for 2022.

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Global Tech, Inc. has sales of 32.6 million, total assets of 24.3 million, and total debt of $8.5 million. If the profit margin is 12 percent, what is the net income?

Davids Spin Studio charges $7.50 per class. Each participant receives a sports drink and a protein bar, costing $2.25 per person. Davids monthly fixed costs for rent, utilities, and instructor salaries total $6,500. A. What is Davids contribution margin per unit? B. What is Davids contribution margin ratio?

What is the operating cash flow (OCF)?

I don't need ai answer general accounting question

General accounting question