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UMUC ACCT301 week 2 discussion




Question;Respond to one or more question(s) from each of;the three categories below. Category: Revenue;and Net Income1.;What was the corporation's net sales, cost of goods sold, and gross profit?;2. What was;the corporate tax rate? [Hint: divide income tax expense by income before;income taxes];3. What was;the corporation's net interest expense? Category: Comprehensive;Income;1. What is;the account and amount of the top line item on the Statement (or Consolidated;Statement) of Comprehensive Income?;2. What items;appear under "Other Comprehensive Income (Loss)"?;3. What is;the account and the amount of the bottom line item on the Statement (or;Consolidated Statement) of Comprehensive Income?Category: Analysis;1. Calculate;the following ratios for the most recent year and comment on the results of;your ratio analysis.;a. Gross profit margin;b. Net profit margin;c. Times interest earned


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