Question
In 2015, the financial statements of Dr. Jones office reported $500,000 in total revenues and $145,000 in net income. The balance sheet showed net assets
In 2015, the financial statements of Dr. Jones office reported $500,000 in total revenues and $145,000 in net income. The balance sheet showed net assets of $350,000. Calculate the operating margin ratio and the return on equity rate for Dr. Jones's office.
a. Operating margin ratio
b. Return on equity rate
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
