Excerpts from Nationwide Company’s December 31, 2024 and 202…
Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Current liabilities145,000125,000Interest-bearing debt205,000235,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the debt to equity ratio for 2024?
Read DetailsExcerpts from Nationwide Company’s December 31, 2024 and 202…
Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the profit margin for 2024?Note: Round your answer to one decimal place.
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