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The following end-of-year amounts are from the financial statements of Jang Company: total assets, $213,000; total liabilities, $86,000; owners equity, $127,000; net sales, $391,000; cost
The following end-of-year amounts are from the financial statements of Jang Company: total assets, $213,000; total liabilities, $86,000; owners equity, $127,000; net sales, $391,000; cost of goods sold, $233,000; operating expenses, $94,000; and withdrawals, $20,000. During the past year, total assets increased by $37,500. Total owners equity was affected only by net income and withdrawals. Compute the (1) profit margin, (2) asset turnover, (3) return on assets, (4) debt to equity ratio, and (5) return on equity
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