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Majid Al Futtaim Properties reports the following financial statements for the year ended December 31, 2023: Income Statement: Revenue: AED 10,000,000 Operating Expenses: AED 4,000,000
Majid Al Futtaim Properties reports the following financial statements for the year ended December 31, 2023:
- Income Statement:
- Revenue: AED 10,000,000
- Operating Expenses: AED 4,000,000
- Interest Expense: AED 500,000
- Tax Expense: AED 1,000,000
- Balance Sheet:
- Total Assets: AED 20,000,000
- Total Liabilities: AED 8,000,000
- Shareholders' Equity: AED 12,000,000
Compute the following financial ratios for Majid Al Futtaim Properties: Return on Assets (ROA), Return on Equity (ROE), Debt-to-Equity Ratio, and Gross Profit Margin.
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