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inancial Statement Analysis Togo Co. Statement of Retained Earnings for the Year Net income for the year Dividends Add: Retained earnings brought forward Retained earnings

inancial Statement Analysis Togo Co. Statement of Retained Earnings for the Year Net income for the year Dividends Add: Retained earnings brought forward Retained earnings carried forward Required Use the information in the financial statements to answer the following questions: (a) Calculate the following ratios: 900,000 300,000 $ 600,000 2,400,000 $3,000,000 (i) return on sales ratio (as a %) (ii) return on assets ratio (as a %) (iii) return on equity ratio (as a %)

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