Additional information for $2024$:

Net income is $$83,840.$

Sales on account are $$1,628,900.($All sales are credit sales.$)$

Cost of goods sold is $$1,230,800.$

Required:

Calculate the following profitability ratios for $2024$:

When we compare two companies, can one have a higher return on assets while the other has a higher return on equity?

Complete this question by entering your answers in the tabs below.

Required $1$

Calculate the following profitability ratios for $2024$: $($Round your answers to $1$ decimal place.$)$The balance sheets for Dual Monitors Corporation and additional information are provided below.

$\backslash$table$[[\backslash$table$[[$DUAL MONITORS CORPORATION$],[$Balance Sheets$],[$December $31,2024$ and $2023]],2024,2023],[$Assets$],[$Current assets:$],[$Cash$,$$$151,840,$$$123,000],[$Accounts receivable,$84,000,95,000],[$Inventory$,98,000,83,000],[$Investments$,4,300,2,300],[$Long$-$term assets:$],[$Land$,510,000,510,000],[$Equipment$,820,000,700,000],[$Less: Accumulated depreciation,$(458,000),(298,000)],[$Total assets,$$1,210,140,$$$1,215,300],[$Liabilities and Stockholders' Equity$],[$Current liabilities:$],[$Accounts payable,$$99,600,$$$88,000],[$Interest payable,$7,500,12,300],[$Income tax payable,$9,500,5,300],[$Long$-$term liabilities:$],[$Notes payable,$100,000,200,000],[$Stockholders$\text{'}$ equity:$],[$Common stock,$730,000,730,000],[$Retained earnings,$263,540,179,700],[$Total liabilities and stockholders' equity,$$1,210,140,$$$1,215,300]]$

Additional information for $2024$:

Net income is $$83,840.$

Sales on account are $$1,628,900.($All sales are credit sales.$)$

Cost of goods sold is $$1,230,800.$

Required:

Calculate the following profitability ratios for $2024$ :

When we compare two companies, can one have a higher return on assets while the other has a higher return on equity?