Accounting...Net Income?

SE9. Using the following information from a balance sheet and an income statement, compute the (1) profit margin, (2) asset turnover, (3) return on assets, (4) debt to equity ratio, and (5) return on equity. (The previous year’s total assets were $ 200,000, and stockholders’ equity was $ 140,000.) Round all answers to one decimal place. Total assets $ 240,000 Total liabilities 60,000 Total stockholders’ equity 180,000 Net sales 260,000 Cost of goods sold 140,000 Operating expenses 80,000 Income taxes 10,000 WHAT is the PROFIT MARGIN? What is the Return on Assets? What is the Return on Equity? OR What is the Net Income? If I can figure this out, I should be able to answer all these questions on my own. Thanks!

1 year ago - 1 answers