Requirement 7. Calculate the following ratios as of January 31, 2025 for Milton Delivery Service: return on assets, debt ratio, and current ratio. First, select the labels then enter the amounts and compute the return on assets (ROA). (Use parentheses or a minus sign for a loss and/or negative ROA. Round the percentage to the nearest tenth percent, X.X%.) Net income (loss) 1490 + + Average total assets 56490 = ROA %

Requirement 7. Calculate the following ratios as of January 31, 2025 for Milton Delivery Service: return on assets, debt ratio, and current ratio. First, select the labels then enter the amounts and compute the return on assets (ROA). (Use parentheses or a minus sign for a loss and/or negative ROA. Round the percentage to the nearest tenth percent, X.X%.) Net income (loss) 1490 + + Average total assets 56490 = ROA %

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 92PSA: A Preparation of Ratios Refer to the financial statements for Burch Industries in Problem 12-89A and...

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Condensed balance sheet and income statement data for Oriole Corporation are presented here. Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings Oriole Corporation Balance Sheets December 31 2022 $ 30,100 49,800 89,600 55,100 500,100 $724,700 24 $84,500 145.700 381,000 113.500 $724,700 Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income Oriole Corporation Income Statement For the Years Ended December 31 2022 $16,100 45,500 95,000 70,000 370,800 $597,400 $79,400 84,300 319,000 114,700 $597,400 2021 $744.500 39 200 705 300 424.700 280,600 188.911 $91.689 2021 $605,400 30,700 574.700 366.000 208.700 151 200 $57.470 2020 $18,300 47,900 63,000 46,000 358,600 $533,800 306,000 107,400 $533,800 $69,700 50,700 Additional information: The market price of Oriole's common stock was…
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