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Calculate acid test ratio,gross profit ratio,return on asset ratio,profit margin ratio,asset turnover ratio,and return on equity ratio. Service revenue (clinic, racing. TEAM) $527,000 $629,000 Cost

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Calculate acid test ratio,gross profit ratio,return on asset ratio,profit margin ratio,asset turnover ratio,and return on equity ratio.

Service revenue (clinic, racing. TEAM) $527,000 $629,000 Cost of goods sold (MU watches) 303.476 Depreciation expense 28,924 488,600 $140.400 GREAT ADVENTURES, INC Balance Sheets December 31, 2020 and 2019 Decrease (D) 0 1,000,000 (1) $ 1,765,802 $ Liabilities and Stockholders' Equity 382,452 () Total liabilities and stockholders' equity $ 1,765,802 $

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