Use the information provided to analyze the profitability of T-Shirt City using the following ratios: return on assets,return on equity,gross profit ratio,and earnings per share.T-Shirt City has no preferred stock.
Definitions:
Revolving Credit
A credit line where the customer can borrow up to a set limit, pay back, and then borrow again, offering flexibility in borrowing and repayment.
Financing Charge
An additional fee charged by a lender to a borrower for the use of borrowed funds, often expressed as an annual percentage rate.
Compensating Balance
A minimum account balance that a company agrees to maintain in a bank account to offset the cost of banking services provided.
Effective Rate
The actual interest rate earned or paid on an investment, loan, or other financial product, taking into account the compounding effect.
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