Question: Master Computer Corp., a technology support company providing security for small businesses, reported these summarized figures (in Millions) (Click the icon to view the income

 Master Computer Corp., a technology support company providing security for small
businesses, reported these summarized figures (in Millions) (Click the icon to view
the income statement.) (Click the icon to view the balance sheet.) 1.

Master Computer Corp., a technology support company providing security for small businesses, reported these summarized figures (in Millions) (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 1. Compute these profitability measures for 2020 a. Return on sales b. Return on assots; Interest expense for 2020 was $10 million c. Return on common shareholders' equity 2. Are these rates of return strong or weak? 1. a. Return on sales is % (Round your answer to one decimal place.) b. Return on assets is 1% (Round your answer to one decimal place.) c. Return on common shareholders' equity is % (Round your answer to one decimal place.) 2. Are these rates of return strong or weak? These rates of return are i Income Statement Master Computer Corp. Income Statement For the Year Ended December 31, 2020 Net sales $ 69.5 Cost of goods sold 42.8 Interest expense 1.0 All other expenses 16.4 $ Net income 9.3 Assets 2020 2019 Cash $ $ 9.4||$ 9.0 8.4 8.9 Short-term investments Master Computer Corp. Balance Sheet December 31, 2020 2020 2019 Liabilities and Equity $ 3.2 $ 2.0 Total current liabilities 1.0 2.1 Long-term liabilities 11 0.7 Total liabilities 10.4 8.0 1.0 0.8 Common shares 16.7 13.6 Retained earnings 24.8 21.4 Total equity $ 41.5 $ 35.0 Total liabilities and equity 18.4 17.3 Accounts receivable Inventory Other current assets Total current assets 5.4 17.7 4.8 12.9 All other assets 23.1 17.7 $ 41.5 $ Total assets 35.0

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