The financial statements of

Mountaintop

Employment Services, Inc., reported the following accounts:

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(Click the icon to view the list of accounts.)

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(Click the icon to view the statement of stockholders' equity.)Read the requirements

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.Calculate the following for

Mountaintop

Employment Services:

a. Net income

Mountaintop's net income is

b. Total liabilities

Mountaintop's total liabilities are

c. Total assets (use the accounting equation)

Mountaintop's total assets are

d. Net profit margin ratio (Enter your answer as a percentage rounded to the nearest whole percent.)

Mountaintop's net profit margin ratio is

%

e. Asset turnover (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a decimal rounded to two places, X.XX.)

Mountaintop's asset turnover is

f. Leverage ratio (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a decimal rounded to two places, X.XX.)

Mountaintop's leverage ratio is

g. Return on equity (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a percentage rounded to the nearest whole percent.)

Mountaintop's return on equity is

%

What additional information do you need before you can use this data to make decisions? (If an input field is not used in the table, leave the field empty; do not make a selection.)

Paid-in capital in excess of par	$340,000		Total revenues	$1,740,000
Notes Payable (short-term)	52,000		Accounts payable	300,000
Common stock, $0.01 par			Retained earnings	670,000
500,000 shares issued	5,000		Other current liabilities	240,000
Long-term debt	24,000		Total expenses	1,040,000

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Balance Sheet (Partial)
	Stockholders' Equity:
	Common stock,	$0.01	par,	500,000 shares issued	$5,000
	Paid-in capital in excess of par				340,000
	Total paid-in capital				345,000
	Retained earnings				670,000
	Total stockholders' equity				$1,015,000

Net income has already been closed to Retained Earnings.