Refer to the data in S10-13. Using only year-end figures rather than averages, calculate the following for Ridgeline:
a. Net income
b. Total liabilities
c. Total assets (use the accounting equation)
d. Net profit margin ratio
e. Asset turnover
f. Leverage ratio
g. Return on equity
What additional information do you need before you can use this data to make decisions?
Data from S10-13
Glenmore earned net income of $90,000 during the year ended December 31, 2018. On December 15, Glenwood declared the annual cash on its 1% preferred stock (13,000 shares with total of $130,000) and a $0.45 per share cash on its (65,000 shares with total of $650,000). Glenwood then paid the dividends on January 4, 2019.
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