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(Click the icon to vew fie bilance sheeb) Reat the manminth. Victory's Companies Balance Sheet...

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Accounting

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(Click the icon to vew fie bilance sheeb) Reat the manminth. Victory's Companies Balance Sheet May 31, 2024 and 2023 Victory's Companies Income Statement Years Ended May 31, 2024 and 2023 \begin{tabular}{lccr} & \multicolumn{2}{c}{2024} & \multicolumn{2}{c}{2023} \\ \cline { 2 - 4 } & $ & 43,700S & 42,000 \\ \hline Net Sales Revenue & 20,600 & 23,700 \\ \hline Cost of Goods Sold & 200 & 140 \\ Interest Expense & 5,800 & 7,800 \\ \hline All Other Expenses & $ & 17,100 & 10,360 \\ \hline Net Income & $ & \end{tabular} 1. Compute the profit margin ratio for Victory's Companies for 2024. 2. Compute the rate of return on total assets for 2024. 3. Compute the asset tumover ratio for 2024. 4. Compute the rate of return on common stockholders' equity for 2024. 5. Are these rates of return strong or weak? Explain your reasoning

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