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Using the Following Amounts Taken from the Balance Sheet and Income

Question 157

Essay

Using the following amounts taken from the balance sheet and income statement of a business,compute the measures listed below.Round to one decimal place.
Using the following amounts taken from the balance sheet and income statement of a business,compute the measures listed below.Round to one decimal place.     a.Debt to equity ratio b.Return on equity c.Return on assets d.Asset turnover
a.Debt to equity ratio
b.Return on equity
c.Return on assets
d.Asset turnover

Correct Answer:

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a.85.7% [($20,000 + $40,000)÷ ...

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