34．Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following information for four companies operating in the same industry during the same year: Company | Average Inventory (millions) | Sales (millions) | Average Inventory Processing Period | Aro | $2.0 | $25 | 60 | Burr | $2.0 | $26 | 70 | Curtis | $2.5 | $28 | 60 | Dobbie | $2.5 | $29 | 70 |
Which company most likely achieved the highest gross profit margin for the year?
Select exactly 1 answers from the following: A. Aro. B. Burr. C. Curtis. D. Dobbie.
答案和详解如下！
Feedback: Correct answer: B 揂nalysis of Financial Statements,?Ch. 10, pp. 319?58 and Exhibits 10.1, 10.2, and 10.3, Investment Analysis and Portfolio Management, 7th edition, Frank K. Reilly and Keith C. Brown (Dryden, 2003), pp. 325?27, 329 2006 Modular Level I, Vol. II, pp. 650-651, 654 Study Session 8-35-c calculate and interpret the various components of the company抯 return on equity using the original and extended DuPont systems and a company抯 financial ratios relative to its industry, to the aggregate economy, and to the company抯 own performance over time
Gross profit margin: Aro = 51%; Burr = 60%; Curtis = 46%; Dobbie = 55%. For Burr, inventory turnover is 5.2, cost of goods sold is $10.4 million, gross profit is $15.6 million, and the gross profit margin is 60%.
| 
发表于 2006-11-22 11:02
| 
