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See accompanying Notes to Consolidated Financial Statements. 14. Using the financial statements in Item 8 and the ratio formulas from CH12 of your textbook, calculate
See accompanying Notes to Consolidated Financial Statements. 14. Using the financial statements in Item 8 and the ratio formulas from CH12 of your textbook, calculate the following ratios for 2021 and show the same number of decimals as prior years: (NOTE: There are numerous financial leverage indicators, including the debit to equity ratio included in CH12 in your textbook, but the formula you should use for purposes of this assignment is average assets divided by average equity since you can use it to connect return on assets to return on equity.) See accompanying Notes to Consolidated Financial Statements. 14. Using the financial statements in Item 8 and the ratio formulas from CH12 of your textbook, calculate the following ratios for 2021 and show the same number of decimals as prior years: (NOTE: There are numerous financial leverage indicators, including the debit to equity ratio included in CH12 in your textbook, but the formula you should use for purposes of this assignment is average assets divided by average equity since you can use it to connect return on assets to return on equity.)
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