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Fiddler Computer Corp.a technology support company providing security for small businesses, reported these summarized figures (in millions) (Click the icon to view the income statement.)
Fiddler Computer Corp.a technology support company providing security for small businesses, reported these summarized figures (in millions) (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 1. Compute these profitability measures for 2020 a. Return on sales b. Return on assets, interest expense for 2020 was $0.4 million c. Retum on common shareholders' equity 2. Are these rates of return strong or weak? 1. a. Return on sales is %. (Round your answer to one decimal place.) b. Return on assets is %. (Round your answer to one decimal place.) c. Return on common shareholders' equity is 1 % (Round your answer to one decimal place.) 2. Are these rates of return strong or weak? These rates of return are pro - Income Statement es 14 ets img of ra Fiddler Computer Corp. Income Statement es For the Year Ended December 31, 2020 ts is Net sales $ 67 5 mon 42.8 Cost of goods sold Interest expense ofre 0.4 All other expenses 15.2 urn S. 9.1 Net income Print Done rin each of the answer boxes. Balance Sheet x Fiddler Computer Corp. Balance Sheet December 31, 2020 Assets 2020 2019 Liabilities and Equity 2020 2019 Cash $ 3.2 $ 3.0 Total current liabilities $ 9.8 $ 9.0 8.4 8.9 Short-term investments 1.6 18.8 173 1 1.9 Accounts receivable Inventory 2.3 Long-term liabilities 1.1 Total liabilities 8.6 1.4 Common shares 9.8 2.6 Other current assets 70 5.0 163 Total current assets 16.4 Retained earnings 18.3 19.1 25.0 25.3 222 Total equity All other assets 213 $ 441 $ 38.6 $ 44.15 Total liabilities and equity 38,6 Total assets Print Done
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