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23. The 2019 financial statements of Companies Y and Z showed the following: (5 points) Item Net sales revenue Net profit margin Total average assets
23. The 2019 financial statements of Companies Y and Z showed the following: (5 points) Item Net sales revenue Net profit margin Total average assets Total average stockholders' equity Cash flows from operating activities Company Y Z $150,000 $200,000 6% 5% $40,000 $80,000 $22,000 $38,000 $8,600 $4,800 A. For each company, calculate the items listed in the following tabulation. Item Company Y Z 1. Net income 2. Return on assets 3. Return on equity 4. Quality of income B. Assuming both Company Y and Company Z are in the same industry, which company (Y or Z) appears to be the better investment and why
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