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P2.8 Financial Ratios and Financial Statements-Jeff, Matt and Mike Associates: You are an analyst and have certain rates of return, profit margins, and other information

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P2.8 Financial Ratios and Financial Statements-Jeff, Matt and Mike Associates: You are an analyst and have certain rates of return, profit margins, and other information on the Jeff, Matt, and Mike Associates company. Using the information in Exhibit P2.8, complete the partial financial statements and calculate the missing financial ratios (shown as "?. ") in the exhibit. The company had no purchases of other additions to Intangible Assets. (All financial ratios using balance sheet numbers are calculated using Year 7 ending balances instead of average balances. The company had no sales or retirements of property, plant, and equipanent or intangible assets. Essentially all of the company's property, plant, and equipment is depreciable. All changes in financing occur at the end of the fiscal vear.) P2.8 Financial Ratios and Financial Statements-Jeff, Matt and Mike Associates: You are an analyst and have certain rates of return, profit margins, and other information on the Jeff, Matt, and Mike Associates company. Using the information in Exhibit P2.8, complete the partial financial statements and calculate the missing financial ratios (shown as "?. ") in the exhibit. The company had no purchases of other additions to Intangible Assets. (All financial ratios using balance sheet numbers are calculated using Year 7 ending balances instead of average balances. The company had no sales or retirements of property, plant, and equipanent or intangible assets. Essentially all of the company's property, plant, and equipment is depreciable. All changes in financing occur at the end of the fiscal vear.)

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