PARCOR 9 problem 7

NAME: SECTION: SCORE: PROFESSOR: Problem #7 Profitability Ratios The following data are from the financial statements of Parada, Inc.: Dec. 31, 2019 Jan. 1, 2019 P140,000 112,000 30,000 Total Assets Total Equity Total Preference Equity Preference Dividends Declared Profit Interest Expense P180,000 144,000 30,000 2,400 20,000 5,750 Calculate the following ratios: 1. Return on total assets 2. Return on ordinary equity