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Profitability Ratios E6A The following amounts are from Shimura Company's financial statement at the end of the current year total assets 426,000 total liabilities $172,000
Profitability Ratios
E6A The following amounts are from Shimura Company's financial statement at the end of the current year total assets 426,000 total liabilities $172,000 owner's equity $254,000 net sale $782,000 cost of goods sold 486000operating expense 178,000 and withdrawals 40,000during the current year total assets increased by $75,000 total equity was affected only by the net income and withdraws. Compute 1. Profit margin 2. assets turnover3. Return on assets 4. Debts to equity ratio 5. return on equity. Round to one decimal place
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