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Using the Selected Information Given Below for Luk Company,calculate the Return

question 368

Essay

Using the selected information given below for Luk Company,calculate the return on assets,debt ratio,and profit margin.Comment on the results of operations and the financial position of the company for the year.
 Sales 1,050,000 Expenses 795,000 Assets (beginning of the year) 1,500,000 Assets (end of the year) 1,900,000 Liabilities 850,000\begin{array} { | l | r| } \hline \text { Sales } & 1,050,000 \\\hline \text { Expenses } & 795,000 \\\hline \text { Assets (beginning of the year) } & 1,500,000 \\\hline \text { Assets (end of the year) } & 1,900,000 \\\hline \text { Liabilities } & 850,000 \\\hline\end{array}

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