As CFO, you are looking at the whole$-$year income statement and year$-$end balance sheet numbers of $2021$ and $2022.$

Income statement

$($$ million$)$ Balance sheet

$($$ million$)$

$2021$ whole$-$year $2022$ whole$-$year $2021$ year$-$end $2022$ year$-$end $2021$ year$-$end $2022$ year$-$end

Sales $\_\_\_\_$ Current assets $\_\_\_\_$ Debt $\_\_\_\_$

$-$ Costs $\_\_\_\_+$Fixed assets $\_\_\_\_+$Equity $\_\_\_\_$

$=$ Net income $\_\_\_\_=$Total assets $\_\_\_\_=$Total $\_\_\_\_$

You find that sales, costs, and total assets of $2022$ were $15\%$ higher than $2021.$ The debt balance $(>0)$ was unchanged during $2021-2022.$

Attempt $1/2$ for $10$ pts$.$

Part $1$

Which of the following financial ratios stayed unchanged throughout $2021-2022?$ Must select ALL.

Check all that apply:

profit margin

debt$-$equity ratio

total asset turnover

ROE