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The following data are taken from the books of Fluffs Merchants for year ended December 31, 2017. If the given information is for one year

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The following data are taken from the books of Fluffs Merchants for year ended December 31, 2017. If the given information is for one year only, averages will be disregarded; only the given data will be used. Total liabilities Total Equity Interest Expense Income Tax Expense (25%). Net Income Net Sales Gross profit Average total assets P 345 000 360 000 10 000 20 000 60 000 320 000 144 000 580 000 Compute for the following: A. Debt ratio B. Equity ratio C. Debt to Equity D. Times Interest Earned E. Gross Profit margin F. Operating Profit Margin G. Net Profit Margin H. Return on Assets I. Return on Equity

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