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calculate the profibility ratios please and explain Exercise 12-8...

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Accounting

calculate the profibility ratios please and explain
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Exercise 12-8 (Algo) Calculate profitability ratios (LO12-4) The balance sheets for Dual Monitors Corporation and additional information are provided below. 1. Net income is $160,400. 2. Sales on account are $1,851,800. (All sales are credit sales.) 3. Cost of goods sold is $1,370,300. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.)

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