Question
Presented below are select figures from the balance sheet of Newton Company for 2019 and 2018. Newton Company Balance Sheet As at January 31
Presented below are select figures from the balance sheet of Newton Company for 2019 and 2018. Newton Company Balance Sheet As at January 31 2019 2018 $283,960 $212,802 $111,681 $64,378 Stockholders' Equity $172,279 $148,424 Total Assets Total Liabilities In 2019, Newton Company had sales of $473,000 and net income of $43,400. Calculate the ratios for 2019 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): Asset Turnover. Debt-to-Equity (Decimal): Debt-to-Total-Assets (Percent): times %
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
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