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Sammyjoe1105 Sammyjoe1105
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11 months ago

Perrett Corporation has provided the following financial data:

Year 2Year 1
Total assets$ 1,470,000$ 1,450,000
Total stockholders' equity$ 954,000$ 920,000
Sales (all on account)$ 1,200,000
Gross margin$ 430,000
Interest expense$ 22,000
Income taxes (35%)$ 21,269
Net income$ 39,500

Required:

a. What is the company’s net profit margin percentage for Year 2?

b. What is the company’s gross margin percentage for Year 2?

c. What is the company’s return on total assets for Year 2?

d. What is the company’s return on equity for Year 2?

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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tswinson3tswinson3
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11 months ago
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Sammyjoe1105 Author
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11 months ago
Correct Slight Smile TY
aznzergs
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Yesterday
Thanks for your help!!
Zacellison
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2 hours ago
Good timing, thanks!
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