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

Question

Quizplus · Accepted Answer

The Answer of 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