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:
Trustee
A person or entity given responsibility to manage property or assets on behalf of others, typically within a trust.
Estate
The collective assets, rights, and interests that a person owns at death, encompassing both real property and personal property.
Trust Instrument
A legal document that creates a trust, specifying the terms, trustees, beneficiaries, and purpose.
Trust's Purpose
The specific objectives or intentions for which a trust is established, guiding how the trust's assets are to be managed and used.
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