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The Following Information Was Taken from the Income Statement and Balance

Question 71

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The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2016 and 2017: The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2016 and 2017:   Requirements: Compute the following ratios for 2017:  A.Net profit margin B.Total asset turnover C.Return on assets Requirements:
Compute the following ratios for 2017:
A.Net profit margin
B.Total asset turnover
C.Return on assets

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A. Net profit margin ($2,345 ÷ $30,752) ...

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