Question
DEF Ltd. provides the following financial data: Total assets: $1,400,000 Total liabilities: $450,000 Common stock: $350,000 Retained earnings: $300,000 Net income: $220,000 Total revenues: $1,000,000
DEF Ltd. provides the following financial data:
- Total assets: $1,400,000
- Total liabilities: $450,000
- Common stock: $350,000
- Retained earnings: $300,000
- Net income: $220,000
- Total revenues: $1,000,000
- Total expenses: $780,000
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
