MEGAFRAME COMPUTER COMPANY
Balance Sheet
As of December
ASSETS
Cash $
Accounts receivable
Inventory
Net plant and equipment
Total assets $
LIABILITIES AND STOCKHOLDERS EQUITY
Accounts payable $
Accrued expenses
Longterm debt
Common stock
Paidin capital
Retained earnings
Total liabilities and stockholders equity $
MEGAFRAME COMPUTER COMPANY
Income Statement
For the year ended December
Sales all on credit $
Cost of goods sold
Gross profit $
Sales and administrative expenses
Depreciation
Operating profit $
Interest expense
Profit before taxes $
Taxes
Net income $
Refer to the tables above. Using the DuPont method, return on assets investment for Megaframe Computer is approximately
Multiple Choice
