Questions -
1. Stride Along has total assets of $385 million. Its total liabilities are $100 million and its equity is $285. Calculate its debt ratio.
2. A company had $9,000,000 in net income for the year. Its net sales were $13,200,000 for the same period. Calculate its profit margin.
3. On April 30, Holden Company had an Account Receivables balance of $18,000. During the month of May, total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the amount of credit sales during May?