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.)

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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