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Income Statement Jeryht Computer Corp., a technology support company providing security for small businesses, reported these summarized figures (in Millions): (Click the icon to view
Income Statement Jeryht Computer Corp., a technology support company providing security for small businesses, reported these summarized figures (in Millions): (Click the icon to view the income statement.) (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 $0.4 milion. c. Relurn on common shareholders' equity 2. Are these rates of return strong or weak? Jeryht Computer Corp. Income Statement For the Year Ended December 31, 2020 Nel sales S Cost of goods sold Interest expenso 65.5 43.4 0.4 16.8 All other expenses 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? These rates of return are Balance Sheet S 5.1 Net income Print Done Assets Cash Jeryht Computer Corp. Balance Sheet December 31, 2020 2020 2019 Liabilities and Equity $ 3.0 S 1.6 Total current liabilities 0.6 1.3 Long-term liabilities 1.7 0.9 Total liabilities 9.8 9.0 0.8 0.6 Common shares 2020 2019 S 9.2||$ 8.0 9.4 9.1 Short-term investments 18.6 17.1 Accounts receivable Inventory Other current assets 5.6 17.5 5.0 13.3 Total current asants 13.4 Retained earnings 15.9 25.8 All other assets 22.0 Total equity 18.3 Enter your answer in each of the answer box 23.1 S 41.7 $ 41.7 S 35.4 35.4 Total ussels Total liabilities and equity
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