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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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