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 $100,000 and stockholders' equity was $70,000.) SE-9

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Total assets $120,000 Total liabilities 30,000 Total stockholders' equity 90,000 Net sales 130,000 Cost of goods sold 70,000 Operating expenses 40,000 Income taxes 5,000