The Comparative Income Statements for Silverlight Company Are Shown Below

question 172

Essay

The comparative income statements for Silverlight Company are shown below. Calculate the following ratios for 2017:
(a) profit margin
(b) gross margin
(c) times interest earned.

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Definitions:

Knowledge

Information, understanding, or skill that one obtains through experience or education.

Restructuring

The act of reorganizing the legal, ownership, operational, or other structures of a company to make it more profitable or better organized for its present needs.

Downsizing

The process of reducing a company's size through layoffs, closures, or scaling back operations, often for efficiency or cost-saving reasons.

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service, and speed.