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You are given the following information for Smashville, Inc. Cost of goods sold: $ 179,000

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You are given the following information for Smashville, Inc. Cost of goods sold: $ 179,000… 1 answer below » You are given the following information for Smashville, Inc. Cost of goods sold: $ 179,000 Investment income: $ 1,500 Net sales: $ 364,000 Operating expense: $ 78,000 Interest expense: $ 7,400 Dividends: $ 12,000 Tax rate: 35 % Current liabilities: $ 18,000 Cash: $ 21,000 Long-term debt: $ 45,000 Other assets: $ 39,000 Fixed assets: $ 160,000 Other liabilities: $ 4,000 Investments: $ 35,000 Operating assets: $ 64,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. View complete question » You are given the following information for Smashville, Inc. Cost of goods sold: $ 179,000 Investment income: $ 1,500 Net sales: $ 364,000 Operating expense: $ 78,000 Interest expense: $ 7,400 Dividends: $ 12,000 Tax rate: 35 % Current liabilities: $ 18,000 Cash: $ 21,000 Long-term debt: $ 45,000 Other assets: $ 39,000 Fixed assets: $ 160,000 Other liabilities: $ 4,000 Investments: $ 35,000 Operating assets: $ 64,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the “%” sign in your response.) Gross margin % Operating margin % Return on assets % Return on equity % View less » Oct 09 2015 10:01 PM



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