Alvin's Audio reported the following amounts in its December 31, 2019, and 2018 financial statements.
Calculate to the nearest hundredth:
(a) Return on sales for 2019
(b) Return on assets for 2019
(c) Debt-to-total-assets ratio as of December 31, 2019

Question

Alvin's Audio reported the following amounts in its December 31, 2019, and 2018 financial statements.
  Calculate to the nearest hundredth:
(a) Return on sales for 2019
(b) Return on assets for 2019
(c) Debt-to-total-assets ratio as of December 31, 2019

Quizplus · Accepted Answer

The Answer of Alvin's Audio reported the following amounts in its December 31, 2019, and 2018 financial statements.
  Calculate to the nearest hundredth:
(a) Return on sales for 2019
(b) Return on assets for 2019
(c) Debt-to-total-assets ratio as of December 31, 2019

Alvin's Audio Reported the Following Amounts in Its December 31