Given the income statement for the MLC (Table 4-7) and balance sheet (Table 4-4), answer the following:

Question:

Given the income statement for the MLC (Table 4-7) and (Table 4-4), answer the following:
a. Calculate the following ratios for 2013: operating profit margin, net profit margin, operating return on assets, net return on assets, and return on equity.
b. In a written explanation, describe what each of these ratios means.
c. In a brief paragraph, describe the overall profitability of the MLC. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...