Given the following information for Victory Stables calculate their return on assets,return on equity and comment on the use of these ratios.
Definitions:
Fixed Rate
An interest rate that remains constant over the duration of a loan or investment, as opposed to a variable or floating rate.
Money Supply
The entire pool of financial assets existing in an economy at a specific timeframe.
Gold Standard
A monetary system where a country's currency or paper money has a value directly linked to gold.
Convertible
A type of automobile with a flexible roof system that allows it to transform between an enclosed and an open-air form.
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