ill in the missing numbers in the following income statement: (Do not round intermediate calculations.)Requirement 1: Sales $ 659,000 Costs 420,100 Depreciation 98,900 Requirement 1: find EBIT, Taxes (40%) and Net income. Requirement 2: What is the OCF? Requirement 3:

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Financial Ratios

A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.

Return on Equity

The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.