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The balance sheets for Plasma Screens Corporation and additional information are provided below. Additional Information for 2024: 1. Net Income is $184,000. 2. Sales on

image text in transcribed The balance sheets for Plasma Screens Corporation and additional information are provided below. Additional Information for 2024: 1. Net Income is $184,000. 2. Sales on account are $1,890,000. (All sales are credit sales.) 3. Cost of goods sold is $1,394,250. Requlred: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companles, can one have a higher return on assets while the other has a higher return on equity? Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.) The balance sheets for Plasma Screens Corporation and additional information are provided below. Additional Information for 2024: 1. Net Income is $184,000. 2. Sales on account are $1,890,000. (All sales are credit sales.) 3. Cost of goods sold is $1,394,250. Requlred: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companles, can one have a higher return on assets while the other has a higher return on equity? Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.)

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