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Question - Wildhorse Co. reports the following information (in millions) during a recent year: net sales, $12,800.0; net earnings, $355.0; total assets, ending, $5,165.0; and total assets, beginning, $4,220.0.
(a) Calculate the
(1) return on assets,
(2) asset turnover, and
(3) profit margin.
A company purchases a machine for $96,000 on January 1, 2011. Its useful life is five years or 100,000 units of product, and its salvage value is $8,000.
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for the year cash sales are30000 and credit sales are 1200000. management estimates that 1 is the sales percentage to
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