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From the Simplified Balance Sheet and Income Statement of the Business

Question 153

Essay

From the simplified balance sheet and income statement of the business below,compute the following ratios.Assume that the June 30 amounts for total assets and stockholders' equity also represent their average amounts for the period.Round percentages to the nearest whole percent.
a.Profit margin
b.Return on assets
c.Debt to equity
d.Return on equity
e.Asset turnover
From the simplified balance sheet and income statement of the business below,compute the following ratios.Assume that the June 30 amounts for total assets and stockholders' equity also represent their average amounts for the period.Round percentages to the nearest whole percent. a.Profit margin b.Return on assets c.Debt to equity d.Return on equity e.Asset turnover
From the simplified balance sheet and income statement of the business below,compute the following ratios.Assume that the June 30 amounts for total assets and stockholders' equity also represent their average amounts for the period.Round percentages to the nearest whole percent. a.Profit margin b.Return on assets c.Debt to equity d.Return on equity e.Asset turnover

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a.10% ($2,400 ÷ $24,000)
b.12...

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