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P2-41. Comparing Operating Characteristics across
Industries (LO1)
Following are selected income sta 1 answer below » P2-41. Comparing Operating Characteristics across
Industries (LO1) Following are selected income statement and balance sheet data
for companies in different industries. Required a. Compute the following rations for each company. -Gross profit/Sales -Net income/Sales -Net income/Stockholders’ equity -Liabilities/Stockholders’ equity b. Comment on any differences among the companies’ gross profit
to sales ratios and net income as a percentage of sales. Do
differences in the companies’ business models explain the
differences observed? c. Which company reports the highest ratio of net income to View complete question » P2-41. Comparing Operating Characteristics across
Industries (LO1) Following are selected income statement and balance sheet data
for companies in different industries. Required a. Compute the following rations for each company. -Gross profit/Sales -Net income/Sales -Net income/Stockholders’ equity -Liabilities/Stockholders’ equity b. Comment on any differences among the companies’ gross profit
to sales ratios and net income as a percentage of sales. Do
differences in the companies’ business models explain the
differences observed? c. Which company reports the highest ratio of net income to
equity? Suggest one or more reasons for this result. d. Which company has financed itself with the highest percentage
of liabilities to equity? Suggest one or more reasons why this
company can take on such debt levels. Please answer all parts of the question View less » Aug 05 2015 07:19 AM
