The Following Is Selected Information for the Translation Corp

question 187

Essay

The following is selected information for the Translation Corp:
Calculate the following (round to the second decimal): (a)Profit margin.(b)Total asset turnover.(c)Return on total assets.

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Definitions:

Deposits

Funds placed into an account at a banking institution for safekeeping and possible interest accrual.

Reserves

Reserves refer to funds or other assets that banks or financial institutions hold to meet unexpected demands or regulatory requirements.

Required Reserve Ratio

A regulation set by central banks determining the minimum amount of reserves that banks must hold against deposits, affecting money supply.

Excess Reserves

The reserves that banks hold over and above the legal requirement; these are not loaned out and do not earn interest for the bank.