12.7730 Question 17 5 You are a financial analyst for Little National Bank, and

Question

12.7730 Question 17 5 You are a financial analyst for Little National Bank, and are preparing a report on Cms Student Loan Companies. You ask about the liquidity, solvency, and asset management ratios. You are given for fiscal year 2010 current liabilities of $691,572.98, total assets of $19,751,512.79, revenue of $6.630.971.14, total liabilities of $9.752.230.07, EBIT of $2.633,074.50, inventory of $265,070.66. gross proft of $4567412.92, current assets of $726,261.24, and accounts payable of $221.530.92. What is the calculation of the gross margin? O 0.9023 0.4339 O 0.6888 O 0.5097 O 0.0758 Question 18 5 pts In an annual meeting with Dave Paulino, your CEO, you ask him about how th

Explanation / Answer

Solution:

Gross Margin= Gross profit / Revenue

Gross Margin =$45,67,412.92/$66,30,971.14= 0.6888

Option C i.e. 0.6888 is correct

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