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MA-17.Measures of Performance and Financial Leverage Following are selected data from year end financial statements of Lima Corporation for 2017 and 2016. 2017 2016 Total

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MA-17.Measures of Performance and Financial Leverage Following are selected data from year end financial statements of Lima Corporation for 2017 and 2016. 2017 2016 Total assets' ir i. TE ti H H t :: -TEH i Interest expense. E E E.. Ht leu Long-term liabilities Net income Sales Stockholders equity g E E a i $4.420 000 33.930,000 e-am ..M . : : . . 69.000 i 1361.007 832.000 452 875T 0845 000 411 900 5218.750454 700 24287502100.000 Required a. Compute the following performance nmeasurement ratios tor bo17. denore incone TRx es) I Asset tumover 2.1 Remmon sales Retum on assets Return on equity 1 4, b. Is Lima Conpany usng inancial leverage! It so is the leverage lavorable or antsoabie Explau

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