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Q1) Santiago Company given the following items in its financial statements:

 

  2007 2008
Sales $937,500 $1,125,000
Net income 75,000 135,000
Total assets 3,750,000 4,500,000

 

find out profit margin, asset turnover, and return on assets for each year.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M922172

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