The following information was available for the year ended December 31,2022: Sales: $600,000 Net income:...
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Accounting
The following information was available for the year ended December 31,2022:
Sales: $600,000
Net income: $85,600
Average total assets: $900,000
Average total stockholders equity: $400,000
Required:
A. Calculate margin, turnover, and ROI for the year ended December 31, 2022.
B. Calculate ROE for the year ended December 31, 2022.
(Note: round your intermediate calculations to 2 decimal places. Round your percentage answers to 2 decimal places. Round turnover to 2 decimal places.)
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