S&J Plumbing, Incorporated's income statement shows a net profit before tax of $468 and net sales of

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S&J Plumbing, Incorporated's income statement shows a net profit before tax of $468 and net sales of $7,482 for 2010. Total assets are at $3,244. The balance sheet lists the company’s equity for fiscal year ending 2010 as $1,746.

Calculate the following ratios for this company:

Return on sales ratio (net profit margin)

Return on assets (ROA)

Return on equity (ROE)

Related Book For answer-question

College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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Posted Date: Aug 30, 2019 10:15 AM

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S&J Plumbing, Incorporated's income statement shows a net profit before tax of $468 and net sales of

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Return on sales Net profit sales 4687482 625 Return on Asset Net profit asset 4683... View the full answer

College Accounting Chapters 1-30

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