Question
DEF Ltd. provides the following financial data: Total assets: $1,200,000 Total liabilities: $350,000 Common stock: $250,000 Retained earnings: $200,000 Net income: $180,000 Total revenues: $800,000
DEF Ltd. provides the following financial data:
- Total assets: $1,200,000
- Total liabilities: $350,000
- Common stock: $250,000
- Retained earnings: $200,000
- Net income: $180,000
- Total revenues: $800,000
- Total expenses: $620,000
Determine: a) Debt ratio b) Earnings per share c) Return on investment d) Asset turnover ratio
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
