please give me answer accounting question Sunshine Beverage Corporation has provided the followinginformation: Net income = $180,000 Sales = $1.8 million Total assetturnover = 2.5 Equity multiplier = 2 The company has no preferredstock outstanding. Calculate Sunshine Beverage's return on assetsand return on equity.

Step 1: Definition of Return on Assets (ROA) and Return on Equity (ROE)Return on Assets (ROA):…

Answered: Sunshine Beverage Corporation has…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 10P

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Sunshine Beverage Corporation has provided the following information: Net income = $180,000 Sales = $1.8 million Total asset turnover = 2.5 Equity multiplier = 2 The company has no preferred stock outstanding. Calculate Sunshine Beverage's return on assets and return on equity.