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The financial statements of Ridgeline Employment Services, Inc., reported the following accounts. Using only year-end figures rather than averages, calculate the following for Ridgeline :
The financial statements of Ridgeline Employment Services, Inc., reported the following accounts.
Data table Balance Sheet (Partial) Stockholders' Equity: Common stock. Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity $0.01 par. 600.000 shares issued \begin{tabular}{r} 6,000 \\ 334,000 \\ \hline 340,000 \\ 660,000 \\ \hline$1,000,000 \\ \hline \hline \end{tabular} Net income has already been closed to Retained Earnings Using only year-end figures rather than averages, calculate the following for Ridgeline :
a . Net income
b. Total liabilities .
c. Total assets (use the accounting equation )
d. Net profit margin ratio
e. Asset turnover
f. Leverage ratio
g. Return on equity
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