Required:

Calculate the following profitability ratios for $2024$ :

When we compare two companies, can one have a higher return on assets while the other has a higher return on equity?

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When we compare two companies, can one have a higher return on assets while the other has a higher return on equity?

When we compare two companies, can one have a higher return on assets while the other has a higher return on equity?

Required $2$

Exercise $12-8($Algo$)$ Calculate profitability ratios $($LO$12-4)$

The balance sheets for Video Screens Corporation and additional information are provided below$]$

$\backslash$table$[[\backslash$table$[[$VIDEO SCREENS CORPORATION$],[$Balance Sheets$],[$December $31,2024$ and $2023]],2024,2023],[$Assets$],[\backslash$table$[[$Assets$],[$Current assets:$]]],[$Cash$,$$$160,000,$$$116,000$