Question: Net revenues$ 3 3 , 0 1 4 $ 7 0 , 3 7 2 Net income 7 , 7 4 7 7 , 1

Net revenues$

33, 014

70, 372

Net income

7, 7477, 120

Total assets, January

1, 202086, 38178, 547

Total liabilities, January

1, 202065, 28363, 679

Total liabilities, December

31, 202066, 01279, 366

Total equity, December

31, 202021, 28413, 552

Required:

Calculate ROI and ROE for each company for

2020 . (

Hint: You will need to calculate some of the numbers used in the denominator of these ratios. Additionally, you will need to use the accounting equation to calculate some of the numbers for the ratios.

)

Calculate the debt ratio and debt

/

equity ratio for each firm at the end of

2020 .

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