You are given the following information for Smashville, Inc. ...
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Finance
You are given the following information for Smashville, Inc.
Cost of goods sold:
$119,000
Investment income:
$2,300
Net sales:
$232,000
Operating expense:
$40,000
Interest expense:
$7,400
Dividends:
$11,000
Tax rate:
21
%
Current liabilities:
$18,000
Cash:
$21,000
Long-term debt:
$25,000
Other assets:
$39,000
Fixed assets:
$126,000
Other liabilities:
$5,000
Investments:
$43,000
Operating assets:
$45,000
Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
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