Refer to the data in S10-13. Using only year-end figures rather than averages, calculate the following for Ridgeline:

a. Net income

b. Total liabilities

c. Total assets (use the accounting equation)

d. Net profit margin ratio

e. Asset turnover

f. Leverage ratio

g. Return on equity

What additional information do you need before you can use this data to make decisions?

Data from S10-13

Glenmore Corporation earned net income of $90,000 during the year ended December 31, 2018. On December 15, Glenwood declared the annual cash dividend on its 1% preferred stock (13,000 shares with total par value of $130,000) and a $0.45 per share cash dividend on its common stock (65,000 shares with total par value of $650,000). Glenwood then paid the dividends on January 4, 2019.