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You are given the following information for Smashville, Inc. ...

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Finance

You are given the following information for Smashville, Inc.

Cost of goods sold: $119,000
Investment income: $2,300
Net sales: $232,000
Operating expense: $40,000
Interest expense: $7,400
Dividends: $11,000
Tax rate: 21 %

Current liabilities: $18,000
Cash: $21,000
Long-term debt: $25,000
Other assets: $39,000
Fixed assets: $126,000
Other liabilities: $5,000
Investments: $43,000
Operating assets: $45,000

Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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