1. A company has $100,000 in assets, $50,000 in liabilities, and $50,000 in owner's equity. What is the company's debt-to-equity ratio? 2. A company has net sales of $500,000, cost of goods sold of $250,000, and operating expenses of $100,000. What are the company's gross profit and net profit?

1. A company has $100,000 in assets, $50,000 in liabilities, and $50,000 in owner's equity. What is the company's debt-to-equity ratio? 2. A company has net sales of $500,000, cost of goods sold of $250,000, and operating expenses of $100,000. What are the company's gross profit and net profit?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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Question

1. A company has $100,000 in assets, $50,000 in liabilities, and $50,000 in owner's equity.
What is the company's debt-to-equity ratio?
2. A company has net sales of $500,000, cost of goods sold of $250,000, and operating
expenses of $100,000. What are the company's gross profit and net profit?

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