Got It Right Corporation Balance Sheets as of December 31, PY and CY PY CY Assets...

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Got It Right Corporation Balance Sheets as of December 31, PY and CY PY CY Assets Current assets Cash Accounts receivable Inv

Got It Right Corporation Income Statement for CY Sales Cost of Good Sold Depreciation Earnings Before Interest & Taxes Intere

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Answer 1

Answer #1

4a). Profit Margin = Net Income / Sales = $195,921 / $864,500 = 0.2266, or 22.66%

4b). ROA = Net Income / Total Assets = $195,921 / $818,197 = 0.2395, or 23.95%

4c). ROE = Net Income / Total Equities = $195,921 / $491,207 = 0.3989, or 39.89%

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Answer 2

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