You are given the following information for Smashville, Inc.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:Gross marginOperating marginReturn on assetsReturn on equity$174,000$ 1,400$379,000$ 86,000$7,4008,000$%%%%40%$ 21,000$ 21,000$ 46,000$ 38,000$130,000Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations.Enter your answers as a percent rounded to 2 decimal places.)$ 3,000$ 34,000$ 64,000

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Description: You are given the following information for Smashville, Inc.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:Inve

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Accounting

You are given the following information for Smashville, Inc. 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: $174,000 $ 1,400 $379,000 $ 86,000 $ 7,400 8,000 $ 40% $ 21,000 $ 21,000 $ 46,000 $ 38,000 $130,000 $ 3,000

You are given the following information for Smashville, Inc. 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: $174,000 $ 1,400 $379,000 $ 86,000 $ 7,400 8,000 $ 40% $ 21,000 $ 21,000 $ 46,000 $ 38,000 $130,000 $ 3,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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: $ 169,000 $ 1,300 $ 282,000 $ 44,000 Book value per share Earnings per share Cash flow per share $ 7,400 $5,000 21% $ 22,000 $ 21,000 $ 92,000 $ 37,000 $ 120,000 $ 6,000 $ 33,000 $ 64,000 During the year, Smashville, Incorporated, had 20,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. $ 7.75
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