Shannon Corporation gathered the following information from its financial statements: Net sales $180,000 Net income 25,200 Current assets 40,500 Current liabilities 27,000 Total assets 130,000 Total liabilities 97,500 Using the above data, calculate the following: (1) profit margin, (2) current ratio, (3) debt-to-total assets ratio, and (4) return on assets ratio. Note: Round answers to one decimal place. Profit margin Current ratio Debt-to-total assets ratio Return on assets ratio

Shannon Corporation gathered the following information from its financial statements: Net sales $180,000 Net income 25,200 Current assets 40,500 Current liabilities 27,000 Total assets 130,000 Total liabilities 97,500 Using the above data, calculate the following: (1) profit margin, (2) current ratio, (3) debt-to-total assets ratio, and (4) return on assets ratio. Note: Round answers to one decimal place. Profit margin Current ratio Debt-to-total assets ratio Return on assets ratio

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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