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Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Required 3

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Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Required 3 Use the information in the financial statements to compute the following ratios: (a) Return on assets (total assets at December 31, 2018, was $200,000) Numerator: Denominator: Return on total assets Net income Average total assets Return on total assets $ 24,880 $ 222,590 11.18 (b) Debt ratio Numerator: Denominator: Debt ratio Total 1 Total assets Debt ratio liabilities $ 100,500 1$ 245,180 0.41 (c) Profit margin ratio (use total revenues as the denominator) Numerator: Denominator: Profit margin Profit Net income Total revenues margin 24,880 120,300 20.70 (d) Current ratio Numerator: Denominator: Current ratio Current Current Current liabilities assets ratio 48.900 1 :1 39,000 $ 1.25 $

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