Relevant financial information for Gordon, Inc. andJordan, Inc. for the current year is provided below. ($ in millions) Net sales Net income Total assets, beginning Total assets, ending Gordon, Inc. $3,280 118 1,420 Jordan, Inc. $6,540 132 1,600 2,230 2,020 Based on these data, which of the following is a correct conclusion?
A) Return on Assets is 7.4% for Gordon and 6.5% for Jordan. Thus, Gordon is more profitable than Jordan
B) Return on Assets is 7.4% for Gordon and 6.5% for Jordan. Thus, Gordon is less profitable than Jordan
C) Return on Assets is 7.8% for Gordon and 6.2% for Jordan. Thus, Gordon is more profitable than Jordan
D) Return on Assets is 7.8% for Gordon and 6.2% for Jordan. Thus, Gordon is less profitable than Jordan
Answers: 3
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Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
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Business, 22.06.2019 15:30
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
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Relevant financial information for Gordon, Inc. andJordan, Inc. for the current year is provided bel...
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