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Kofi Mensah Lid has the following results. GHS Net sales 6,000,000 Net total assets 4,000,000 Depreciation 160,000 Net income 400,000 Long-term debt 2,000,000 Equity 1,160,000

Kofi Mensah Lid has the following results. GHS

Net sales 6,000,000

Net total assets 4,000,000

Depreciation 160,000

Net income 400,000

Long-term debt 2,000,000

Equity 1,160,000

Dividends 160,000

Using the above information, Compute Kofi Mensah Ltd:

i) return on Equity (ROE)

ii) Debt- to- equity ratio

iii) return on assets (ROA)

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