Question: help me to solve this problem and please do the calculation steps. 2. A condensed balance sheet and other financial data for New Font Software
help me to solve this problem and please do the calculation steps.

2. A condensed balance sheet and other financial data for New Font Software Services as at December 31, 2014 appear below. New Font Software Services Balance Sheet December 31, 2019 ASSETS RM Current Assets 110,000 Plant Assets 140,000 Total Assets 250,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities 100,000 Long-Term Liabilities 75,000 Total Liabilities 175,000 Stockholders' Equity 75,000 Total Liabilities and Stockholders' Equity 250,000 Income Statement Data Net Sales 375,000 Interest Expense 4,000 Net Income 22,500 The following account balances existed at December 31, 2018. Total assets, RM200,000; Stockholders' equity, RM65,000. The tax rate is 35 per cent. Industry Norms as of December 31, 2019 were: Debt-equity ratio 1.75 Profit Margin 0.12 Return on total assets 0.15 Return on stockholders' equity 0.30 Total assets turnover 1.71 Calculate and evaluate the following ratios for New Font Software Services as of December 31, 2019: 1. Debt equity ratio 2. Profit Margin 3. Return on total assets 4. Return on stockholders' equity 5. Total assets turnover
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
