Question
Presented below are select figures from the balance sheet of Holmes Company for 2020 and 2019. Holmes Company Balance Sheet As at November 3020202019 Total
Presented below are select figures from the balance sheet of Holmes Company for 2020 and 2019.
Holmes Company
Balance Sheet
As at November 3020202019Total Assets$289,501$211,217Total Liabilities$111,031$69,544Shareholders' Equity$178,470$141,673
In 2020, Holmes Company had sales of $420,000 and net income of $51,100. Calculate the ratios for 2020 as indicated below.
Do not enter dollar signs or commas in the input boxes.
Round your answers to 2 decimal places.
Return on Assets (Percent):Answer
%
Asset Turnover:Answer
times
Debt-to-Equity (Decimal):Answer
Debt-to-Total-Assets (Percent):Answer
%
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