1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GrogVix [38]
3 years ago
9

The following income statement and balance sheets for Virtual Gaming Systems are provided.

Business
1 answer:
Naddika [18.5K]3 years ago
7 0

Answer:

gross profit ratio = gross profit / net sales = $1,126,000 / $3,086,000 = 36.49%

return on assets = net income / total assets = $139,000 / $946,000 = 14.69%

profit margin = net income / net sales = $139,000 / $3,086,000 = 4.5%

asset turnover = net sales / average total assets = $3,086,000 / [($946,000 + $794,200) / 2] = 3.55 times

return on equity = net income / shareholders' equity = $139,000 / $547,000 = 25.41%

price earnings ratio = current sock price / earnings per share = $28.30 / $1.40 = 20.21 times

You might be interested in
What are the indirect and direct competitors of nike
vodka [1.7K]
<span>Direct competitors of NIKE can include ADIDAS and REEBOK. Indirect competitors of NIKE can include POLO and SEAN JOHN.</span>
6 0
3 years ago
Read 2 more answers
As the vice president of sales for Dunder Mifflin, Inc., a company that manufactures and sells paper to commercial offices, it h
nirvana33 [79]

Answer: Create Focus Groups.

Explanation:

Creating a Focus group out of the Customers that use the Scranton branch would help Dunder Milfflin find out a more specific issue that they are complaining about.

Should customers be brought together and asked what they think should be done to improve service, you will find that many complaints are similar which would enable a better way to tackle the issue faster opposed to tackling each issue as they come.

This Focus Group method is very efficient and accurate as the problems come from the horse's mouth so to speak and Multiple problems can be then be found and categorized separately.

7 0
2 years ago
How many people lost their jobs when the minimum wage increased from $12 to $18
Inessa05 [86]
I would say 33.. But im not 100% sure
3 0
3 years ago
Kotrick Company has beginning inventory of units and expected sales of units. If the desired ending inventory is ​units, how man
saw5 [17]

Answer: $26,000

Explanation:

Ending Inventory = Beginning Inventory + Units to be produced - Sales

18,000 = 15,000 + Units to be produced - 23,000

Units to be produced = 18,000 + 23,000 - 15,000

Units to be produced = $26,000

7 0
3 years ago
Michael Jordan, retired NBA superstar, used his successes as an athlete to become a billionaire. What gains are entrepreneurs lo
Ivan
It should be Option B since entrepreneurs main aim is usually profit making.
7 0
3 years ago
Other questions:
  • Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe
    14·1 answer
  • In which career would you typically oversee the creation of materials that communicate a favorable public image of your employer
    11·1 answer
  • A company had beginning inventory of 8 units at a cost of $11 each on March 1. On March 2, it purchased 11 units at $10 each. On
    14·1 answer
  • What is the difference between inflation and deflation?
    13·2 answers
  • An indifference curve shows all the alternative combinations of two consumption goods that... Select one: a. can be produced by
    10·1 answer
  • Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?
    5·1 answer
  • Match the specifications to the type of creditors.
    10·1 answer
  • Kingbird, Inc. has the following inventory data:
    14·1 answer
  • The rapid growth of the Chinese economy should benefit U.S. consumers as they have access to less-expensive consumer goods. make
    15·1 answer
  • In the context of loss aversion, identify a true statement about sunk-cost fallacy. Multiple Choice People are reluctant to give
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!