Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information

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Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information for 2021 and 2020:

Compute return on assets (ROA) for 2021 and 2020. Using the DuPont model, identify the components and state whether each improved or worsened from 2020 to 2021.

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Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

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Question Posted: Feb 18, 2023 01:26 AM

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Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information

Question:

Sales revenue. Net income.... Average total assets. 2021 $500,000 $ 43,700 $230,000 2020 $410,000 $ 34,650 $210,000

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The net profit margin ratio improved slightly over 2020 and the asset turnover impr...View the full answer

Financial Accounting

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