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Please HelP fast Shine's Companies, a home improvement store chain. reported the following summarized ligures IIf (Cllck the ican to view the income statement (Click
Please HelP fast
Shine's Companies, a home improvement store chain. reported the following summarized ligures IIf (Cllck the ican to view the income statement (Click the icon to view the balance sheets.) Shine's has 40,000 common shares outstanding during 2024 Read the teguirements Requirement 1. Compute the profit margin ratio for Shine's Companies for 2024. Begin by selecting the formula to calculate Shine's Companies' profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2024 . Round your answer to one terith of a percent, x.) Requirement 2. Compute the rate of retum on total assets for 2024 Begin by selecting the formula to calculate Shine's Companies' rate of return on total assets. Then enter the amounts and calculate the rate of return on total asisets for 2024 (Roand your anower to one tenth of a percent, XX\%/) Income Statement Balance Sheets Requirements 1. Compute the profit margin ratio for Shine's Companies for 2024 2. Compute the rate of return on total assets for 2024 3. Compute the asset turnover ratio for 2024 4. Compute the rate of return on common stockholders" equity for 2024 5. Are these rates of return strong or weak? Explain your reasoning Step by Step Solution
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