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Given the financial details of UVW Corporation for the year ended December 31, 2023: Total Assets: $1,500,000 Total Liabilities: $800,000 Shareholders' Equity: $700,000 Net Income:
Given the financial details of UVW Corporation for the year ended December 31, 2023:
- Total Assets: $1,500,000
- Total Liabilities: $800,000
- Shareholders' Equity: $700,000
- Net Income: $120,000
- Dividends Paid: $40,000
- Total Revenue: $800,000
- Cost of Goods Sold: $350,000
- Operating Expenses: $220,000
- Interest Expense: $15,000
- Tax Expense: $25,000
Required:
- Calculate the debt ratio.
- Determine the times interest earned ratio.
- Compute the asset turnover ratio.
- Calculate the profit margin on sales.
- Determine the return on common equity.
- Evaluate the financial performance and leverage of UVW Corporation.
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