Using the Selected Information Given Below for Luk Company, Calculate

Essay

Using the selected information given below for Luk Company, calculate the return on assets, debt ratio, and profit margin. Comment on the results of operations and the financial position of the company for the year.
$$\begin{array} { | l | l | } \hline \text { Sales } & 1,050,000 \\\hline \text { Expenses } & 795,000 \\\hline \text { Assets (begining of the year) } & 1,500,000 \\\hline \text { Assets (end of the year) } & 1,900,000 \\\hline \text { Labilities } & 850,000 \\\hline\end{array}$$