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Please clearly explain all steps and show all calculations. Thank you. Mixon Company's year-end balance sheets show the following: Refer to the information in Exercise

Please clearly explain all steps and show all calculations. Thank you.

image text in transcribedimage text in transcribedimage text in transcribed Mixon Company's year-end balance sheets show the following: Refer to the information in Exercise 1-3 about Mixon Company. The company's income state nents for the years ended December 31, 2006 and 2005 show the following: Refer to the financial statements of Mixon Company in Exercises 1-3 and 1-5. Evaluate the efficiency and profitability of the company by computing the following: (a) net profit margin, (b) total asset turnover, and (c) return on total assets. Comment on these ratio results

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