Harrington Housewares Company Income Statement For the Year Ended June 30,20xx Revenues. Net sales. $1,197,132 Interest income. 5,720 Total Revenues. $1,202,852

Costs and expenses Cost of goods sold. $777,080 Selling expenses. 203,740 General and administrativeexpenses 100,688 Interest expense. 13,560 Total costs and expenses. 1,095,068 Net income. $107,784 income statement and tell what insights can be obtained from the multistep form as opposed to the single step form. The following end of the year amounts are from the financial statements of Laliberte Company. Total assets, $852,000,Total liabilities $344,000,Owners equity $508,000,Net sales $1,564,000; Cost of goods sold, $972,000;Operating expenses, $404,000 and Withdrawals, $80,000.During the past year,total assets increased by $150,000.Total owner's equity was affected only by net income and withdrawals. Compute a.profit margin b.asset turnover c.return on assets d.debt to equityratoo e.return on equity