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36) A company has the following data for the year. Sales revenue Cost of goods sold Net income Average total assets Average total equity Average
36) A company has the following data for the year. Sales revenue Cost of goods sold Net income Average total assets Average total equity Average shares of common stock Closing stock price $7,200,000 $5,800,000 $1,600,000 $9,100,000 $6,300,000 4,000,000 $5.400 Required: Calculate the following profitability ratios (round to one decimal place). 1. Gross profit ratio 2. Return on assets 3. Profit margin 4. Asset turnover 5. Return on equity 6. Price-earnings ratio
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