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his Question: 4 pts 20 of 26 (0 complete) AcCormick Computer Corp., a technology support company providing security for small businesses, reported these summarized figures
his Question: 4 pts 20 of 26 (0 complete) AcCormick Computer Corp., a technology support company providing security for small businesses, reported these summarized figures in (Click the icon to view the income statement.) 6 (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 $0.6 million. c. Return 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 % (Round your answer to one decimal place.) 2. Are these rates of return strong or weak? or of roturn are McCormick Computer Corp. Income Statement For the Year Ended December 31, 2020 $ 63.0 Net sales 42.6 Cost of goods sold 0.6 Interest expense 15.8 All other expenses $ 4.0 Net income Print Done McCormick Computer Corp. Balance Sheet December 31, 2020 Assets 2020 2019 Liabilities and Equity 2020 2019 Cash $ 3.2 $ 1.6 Total current liabilities $ 9.2||$ 8.2 9.0 8.9 Short-term investments 1.2 1.3 Long-term liabilities 18.2. 17.1 Accounts receivable 0.9 0.8 Total liabilities Inventory 10.4 8.0 47 & 2.6 1.2 Other current assets Common shares 6.6 5.0 18.9 128 Total current assets 18.3 12.9 Retained earnings 25.4 22.0 25.5 178 All other assets Total equity $ 43.7||$ 34.9 $ 43.7||$ 34.9 Total assets Total liabilities and equity Print Done
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