Essay
Profitability Ratios Sue's Crops,Inc.'s 2013 income statement listed net sales = $100,000,EBIT = $20,000,net income available to common stockholders = $8,000,and common stock dividends = $2,000.The 2013 year-end balance sheet listed total assets = $400,000,and common stockholders equity = $300,000 with 3,000 shares outstanding.Calculate the profit margin,basic earnings power ratio,ROA,ROE,and dividend payout ratio.
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Correct Answer:
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