Essay
In an effort to analyze Clockwork Company finances, Jim realized that he was missing the company's net profits after taxes for the current year. Find the company's net profits after taxes using the following information.
Return on total assets = 2%
Total Asset Turnover = 0.5
Cost of Goods Sold = $105,000
Gross Profit Margin = 0.30
Correct Answer:
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Sales = CGS/(1 - GPM) = 105,000/(1 - 0.3...View Answer
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Correct Answer:
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