ROE $=$ Profit margin $$ Total assets turnover $$ Equity multiplier

Quantitative Problem: Rosnan Industries' $2019$ and $2018$ balance sheets and income statements are shown below.

factors also need to be considered.

Balance Sheets:

Cash and equivalents

Accounts receivable

Inventories

Total current assets

Net plant and equipment

Total assets

Accounts payable

Accruals

Notes payable

Total current liabilities

Long$-$term debt

Common stock

Retained earnings

Total liabilities and equity

Income Statements:

Sales

Operating costs excluding depreciation

EBITDA

Depreciation and amortization

EBIT

Interest

EBT

Taxes $(25\%)$

Net Income

$\backslash$table$[[2019,018],[$$$60,$