Presented below are select figures from the balance sheet of Newton Company for 2019 and 2018....
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Presented below are select figures from the balance sheet of Newton Company for 2019 and 2018. Newton Company Balance Sheet As at January 31 2019 2018 $283,960 $212,802 $111,681 $64,378 Stockholders' Equity $172,279 $148,424 Total Assets Total Liabilities In 2019, Newton Company had sales of $473,000 and net income of $43,400. Calculate the ratios for 2019 as indicated below. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. Return on Assets (Percent): Asset Turnover. Debt-to-Equity (Decimal): Debt-to-Total-Assets (Percent): times % Presented below are select figures from the balance sheet of Newton Company for 2019 and 2018. Newton Company Balance Sheet As at January 31 2019 2018 $283,960 $212,802 $111,681 $64,378 Stockholders' Equity $172,279 $148,424 Total Assets Total Liabilities In 2019, Newton Company had sales of $473,000 and net income of $43,400. Calculate the ratios for 2019 as indicated below. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. Return on Assets (Percent): Asset Turnover. Debt-to-Equity (Decimal): Debt-to-Total-Assets (Percent): times %
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Return on Assets ROA Net Income Total Assets 100 RO... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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