Question
DEF Ltd. provides the following financial data: Total assets: $600,000 Total liabilities: $200,000 Common stock: $150,000 Retained earnings: $100,000 Net income: $80,000 Total revenues: $400,000
DEF Ltd. provides the following financial data:
- Total assets: $600,000
- Total liabilities: $200,000
- Common stock: $150,000
- Retained earnings: $100,000
- Net income: $80,000
- Total revenues: $400,000
- Total expenses: $320,000
Determine: a) Debt ratio b) Earnings per share c) Return on investment d) Asset turnover ratio
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
