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The balance sheets for Dual Monitors Corporation and additional information are provided below. Calculate the following profitability ratios for 2024: (Round your answers to 1
The balance sheets for Dual Monitors Corporation and additional information are provided below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place. Additional information for 2024 : 1. Net income is $160,400. 2. Sales on account are $1,851,800. (All sales are credit sales.) 3. Cost of goods sold is $1,370,300. Required: 1. Calculate the following profitability ratios for 2024 : 2. 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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