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Behnke Pharmaceuticals Accounting System Provided the Following Data for the Last

Question 24

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Behnke Pharmaceuticals accounting system provided the following data for the last two years: Behnke Pharmaceuticals accounting system provided the following data for the last two years: Instructions Calculate the profit margin, return on assets, and return on equity for 2020. Explain what each ratio measures in general, and what each specifically indicates for Behnke Pharmaceuticals. Instructions
Calculate the profit margin, return on assets, and return on equity for 2020. Explain what each ratio measures in general, and what each specifically indicates for Behnke Pharmaceuticals.

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a) Profit margin = Net income ÷ Sales Re...

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