Financial accounting problem For the year ended December 31, 2020, Malek Inc.earned an ROI of 12.5%. Sales for the year were $25million, and the average asset turnover was 4.0.Average stockholders' equity was $3.5 million.Required:a. Calculate Malek Inc.'s margin and net income.b. Calculate Malek Inc.'s return on equity.

Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…

Answered: For the year ended December 31, 2020,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

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For the year ended December 31, 2020, Malek Inc. earned an ROI of 12.5%. Sales for the year were $25 million, and the average asset turnover was 4.0. Average stockholders' equity was $3.5 million. Required: a. Calculate Malek Inc.'s margin and net income. b. Calculate Malek Inc.'s return on equity.