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vanessavz vanessavz
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A year ago

Pribyl Corporation has provided the following financial data:

Year 2Year 1
Total assets$ 1,476,000$ 1,450,000
Total stockholders' equity$ 1,013,000$ 1,000,000

Income Statement
For the Year Ended December 31, Year 2
Sales (all on account)$ 1,270,000
Cost of goods sold720,000
Gross margin550,000
Operating expenses506,846
Net operating income43,154
Interest expense17,000
Net income before taxes26,154
Income taxes (35%)9,154
Net income$ 17,000

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
Authors:
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kraftykrafty
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A year ago
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vanessavz Author
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Good timing, thanks!
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