The following selected financial information is available for Pham Enterprises for the year ended December 31:
-Refer to the information provided for Pham Enterprises. What is the company's gross profit ratio for the year ended December 31?
Definitions:
Miller Model
A theory on capital structure that extends the Modigliani-Miller theorem by including corporate taxes but excluding bankruptcy costs.
Leverage Gain
The increase in potential returns to an investor achieved by using borrowed funds or financial derivatives.
Cost of Equity
The return a company requires to decide if an investment meets capital return requirements; it represents the compensation the market demands in exchange for owning the asset and bearing the risk of ownership.
Capital Structure
The composition of a company’s debt and equity used to finance its overall operations and growth.
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