TUI UNIVERSITY
Mathew Shannon
SLP 1 Case Assignment
ACC 403 –Principles of Accounting
Dr. Craig Mayberry
December 2015 Session
International Financial Management
The Smith Company earned the net profit of $349,150, resulting into the net profit margin of $86,850 /$436,000 = 19.91 %. Net Profit margin position clear out how much net profit is earned by the company with the given amount of sales which is the present case is 19.91%. Current Ratio is the ratio between current assets and current liabilities which expresses how much times current assets are in respect of current liabilities which in the present case is $99,500/$67,000 = 1.48 times. Working Capital is the difference between current assets and current
Mathew Shannon
SLP 1 Case Assignment
ACC 403 –Principles of Accounting
Dr. Craig Mayberry
December 2015 Session
International Financial Management
The Smith Company earned the net profit of $349,150, resulting into the net profit margin of $86,850 /$436,000 = 19.91 %. Net Profit margin position clear out how much net profit is earned by the company with the given amount of sales which is the present case is 19.91%. Current Ratio is the ratio between current assets and current liabilities which expresses how much times current assets are in respect of current liabilities which in the present case is $99,500/$67,000 = 1.48 times. Working Capital is the difference between current assets and current