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Total assets $400,000 100%
10. A common measure of profitability is the
11. Which one of the following would be considered a long-term
solvency ratio?
12. The current ratio is
13. Richards, Inc. has the following income statement (in millions)
RICHARDS, INC.
Income Statement
For the Year Ended December 31, 2012
Net Sales $180
Cost of Goods Sold 60
Gross Profit 120
Operating Expenses 75
Net Income $45
Using vertical analysis, what percentage is assigned to net income?
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ACC 561 Week 3 Assignment Ratio Analysis (P Jason, New
Syllabus)
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Purpose of Assignment