Pearson eText for Governmental and Nonprofit Accounting -- Instant Access (Pearson+)
11th Edition
ISBN: 9780137561667
Author: Robert Freeman, Craig Shoulders
Publisher: PEARSON+
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Saddle Industries has sales of $625,400, total equity of $275,000, a net profit margin of 9.25 percent, and a debt-equity ratio of 0.70. What is the return on assets?
Unit costs for materials and conversion cost amount to $5 and $6 respectively. The ending work in process costs for 10,000 units (100% result as to material and 75% result as to conversion costs) amount to
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