Question
Presented below are select figures from the balance sheet of Newton Company for 2020 and 2019. Newton Company Balance Sheet As at March 31 2020
Presented below are select figures from the balance sheet of Newton Company for 2020 and 2019. Newton Company Balance Sheet As at March 31 2020 2019 Total Assets $283,703 $219,083 Total Liabilities $116,424 $68,292 Shareholders' Equity $167,279 $150,791 In 2020, Newton Company had sales of $413,000 and net income of $41,100. 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 16.35 % Asset Turnover: Answer 1.64 times Debt-to-Equity (Decimal): Answer 0.70 Debt-to-Total-Assets (Percent): Answer 46.32 \
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