Question: Selected data from the Conner Company are presented below: Total assets $1,500,000 Average assets 1,700,000 Net income 250,000 Net sales 1,400,000 Average common stockholders' equity
Selected data from the Conner Company are presented below:
| Total assets | $1,500,000 | |
| Average assets | 1,700,000 | |
| Net income | 250,000 | |
| Net sales | 1,400,000 | |
| Average common stockholders' equity | 1,000,000 | |
| Net cash provided by operating activities | 275,000 | |
| Shares of common stock outstanding | 10,000 | |
Instructions Calculate the profitability ratios that can be computed from the above information.
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