Question

Twin Rivers Casino, Inc. reported the following December 31 amounts in its financial statements: 2018 2017...

Twin Rivers Casino, Inc. reported the following December 31 amounts in its financial statements:

2018

2017

Sales revenue

$250.0

$210.0

Gross profit

75.0

68.0

Net income

28.0

21.0

Total assets

90.0

80.0

Total stockholders’ equity

40.0

36.0


Requirements:

Compute the following for the 2018 ratios:
A. Gross profit percentage
B. Net profit margin
C. Total asset turnover
D. Return on assets

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