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The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2016 and 2017: 2017 2016 Sales
The following information was taken from the income statement and balance sheet of The Mickey Company for the years 2016 and 2017:
| 2017 | 2016 |
Sales revenues | $30,752 | $27,061 |
Net income | 2,345 | 1,267 |
Total assets | 53,902 | 49,988 |
Total stockholders equity | 26,081 | 23,791 |
Requirements: Compute the following ratios for 2017: A. Net profit margin B. Total asset turnover C. Return on assets
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