Problem regarding operating profit margin
Cisco Sytems has total assets of 35.59 Billion, total debt of $9.678 Billion, net sales of 22.045 billion. Their net profit margin is 20%, operating profit margin was 30%. Solve for ROA & ROE.
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On November 2, 2012, Kasdan Company has cash sales of $4,500 from merchandise having a cost of $2,700. The entries to record the day's cash sales will include:
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