Quiz_Chapter11_Calculations_Sp2008

Quiz_Chapter11_Calculations_Sp2008 - MGMT 3850 Quiz Chapter...

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MGMT 3850 Quiz Chapter 11 –  Calculations Professor: Lisa M. Russell
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#4 For Meters, Inc., refer to the following information to answer the questions below Meters, Inc., reported net sales of $874,916 and a net profit of $74,563 on its most recent income statement. The company's balance sheet shows total assets of $342,742 and total liabilities of $88,367.
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#4 What is the return on net worth ratio for Meters, Inc.? 8.5 percent 29.3 percent (p. 409) 21.8 percent 1.911
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#4 Solution Net Profit to = Net Income = $74,563 = 29.31% Equity Owner’s Equity* $254,375 Owner’s Eq. = $342,742 – $88,367 = $254,375 Net Income = $74,563
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#5 Refer to the following information to answer questions regarding Anita Lupino's toy and game shop Anita Lupino is planning to open her own toy and game shop. She has conducted a great deal of research at the local library, contacted the industry trade association, and has set up a meeting with a consultant at the SBDC next week. Before she goes to the SBDC, she wants to
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This note was uploaded on 05/05/2008 for the course MGMT 3850 taught by Professor Russell during the Spring '08 term at North Texas.

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Quiz_Chapter11_Calculations_Sp2008 - MGMT 3850 Quiz Chapter...

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