Assume you are a financial analyst in an investment company, and you are required to analyse and compare the profitability dimensions of Natural Minerals Pty Ltd with the industry average for the year 2019 and 2020. Natural Minerals Pty LtdProfitability 20202019Industry AverageReturn on Equity Ratio=12%9%10%Return on Assets Ratio=26%22%24%

Return on Equity Ratio: Return on equity implies the measurement of organization’s Income by using…

Answered: Assume you are a financial analyst in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume you are a financial analyst in an investment company, and you are required to analyse and compare the profitability dimensions of Natural Minerals Pty Ltd with the industry average for the year 2019 and 2020.

Natural Minerals Pty Ltd

Profitability		2020	2019	Industry Average
Return on Equity Ratio	=	12%	9%	10%
Return on Assets Ratio	=	26%	22%	24%

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