From the simplified balance sheet and income statement of the business below,compute the following ratios.Assume that the June 30 amounts for total assets and stockholders' equity also represent their average amounts for the period.Round percentages to the nearest whole percent.
a.Profit margin
b.Return on assets
c.Debt to equity
d.Return on equity
e.Asset turnover
Definitions:
External Carotid Artery
A major artery that supplies oxygenated blood to various facial and cranial structures.
Median Antebrachial
The median antebrachial vein is a vein that runs along the medial aspect of the forearm and is involved in the drainage of blood from the arm.
Median Cubital
A vein located in the cubital fossa of the arm, commonly used for venipuncture to draw blood or administer intravenous medications.
Basilic Vein
A large vein located on the upper arm and forearm that is often used for intravenous injections or blood draw.
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