The following financial information about Stephens Company is available: Required Calculate all profitability ratios for Stephens. Round
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Required
Calculate all profitability ratios for Stephens. Round percentages to one decimal point (i.e., 12.8%). Does it appear that the company is using financial leverage effectively or ineffectively? Why?
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Net income Sales Average assets Average equity Common shares outstanding January 1 Common shares outstanding December 31 Market price at December 31 450,000 $4,805,000 $2,930,000 S 730,000 500,000 750,000 $ 9.35
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