Problem # $1.$

Please complete the Problem below and upload your answers in a excel document. Please make sure to show your work $($Helpful Hint, please refer to Chapter $2$ pages $62-63).$

A venture recorded revenues of $$2$ million last year and a net profit of $$150,000.$ Total assets were $$600,000$ at the beginning of last year, and $$700,000$ at the end of last year. Total equity was $$300,000$ at the beginning of last year and $$400,000$ at the end of last year.

Calculate the venture's net profit margin and interpret it$.$

Calculate the venture's asset turnover and interpret it$.$

Calculate the equity multiplier and interpret it$.$

Calculate the venture's return on total equity and interpret it$.$