acc - E 7-3: (a) 2 (b) 1 (c) 7 (d) 3 (e) 9 (f) 4 (g) 6 (h)...

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E 7-3: (a) 2 (b) 1 (c) 7 (d) 3 (e) 9 (f) 4 (g) 6 (h) 5 E7-5: Net sales 696,000 Cost of goods sold 409,200 Gross profit 286,800 Operating expenses Administrative expenses 116,000 Selling expenses 98,600 214,600 Income from operations 72,200 Other revenues and gains 17,500 Other expenses and losses 34,700 Income before income taxes 55,000 Income tax expense (55,000*30%=16,500) 16,500 Net income 38,500 Earnings per share (10,000 shares) 3.85 E7-7: (a)-Intel Corporation: Debt to total assets ratio= 9,297/47,143= 19.7%
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Profit margin percentage= 5,641/30,141= 18.7% Return on assets= 5,641/47,143= 12% Return on common stockholder’s equity= 5,641/37,846= 14.9% Debt to total assets ratio= 21,394/48,263= 44.3% Profit margin percentage= 7,197/41,862= 17.2% Return on assets= 7,197/48,263= 14.9% Return on common stockholder’s equity= 7,197/26,869= 26.8% -Motorola, Inc: Debt to total assets ratio= 19,409/32,098= 60.5% Profit margin percentage= 893/27,058= 3.3% Return on assets= 893/32,098= 2.8% Return on common stockholder’s equity= 893/12,689= 7% (b) Three companies are manufacturers of products. Intel is a manufacturer of high-tech computer chips and processors. Johnson & Johnson is a manufacturer of health care products. And Motorola is a manufacturer of electronics and communication products. Intel and Johnson % Johnson are leaders in
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acc - E 7-3: (a) 2 (b) 1 (c) 7 (d) 3 (e) 9 (f) 4 (g) 6 (h)...

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