3045 Use the information in the financial statements to compute the following ratios: 4300 (a) Return on assets (total assets at December 31, 2016, was $200,000) Numerator:/Denominator:=Return on total assets Current assets/Average total assets=Return on total assets $4,300/$100,000=4.30% (b) Debt ratio Numerator:/Denominator:=Debt ratio Net income/=Debt ratio 0 (c) Profit margin ratio (use total revenues as the denominator) Numerator:/Denominator:=Profit margin /=Profit margin 0% (d) Current ra

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Ans3a Return on Assets Numerator Denominator Return on Total Assets Net Income Average Total Assets ... View the full answer