Given the related information of Smolira Golf Corp. from 2018: Income Statement Sales $366,996 net income $43,780 Balance Sheet Total Equity $283,606 Total Asset $432,379 Calculate the Return on Equity, Profit Margin, and Total Asset Turnover ratios.
Given the related information of Smolira Golf Corp. from 2018: Income Statement Sales $366,996 net income $43,780 Balance Sheet Total Equity $283,606 Total Asset $432,379 Calculate the Return on Equity, Profit Margin, and Total Asset Turnover ratios.
Chapter9: Projecting Financial Statements
Section: Chapter Questions
Problem 1aM
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Transcribed Image Text:Given the related information of Smolira Golf Corp. from 2018:
Income Statement
Sales
$366,996
net income
$43,780
Balance Sheet
Total Equity
$283,606
Total Asset
$432,379
Calculate the Return on Equity, Profit Margin, and Total Asset Turnover
ratios.
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