Given the following information for Victory Stables, calculate their return on assets and equity and...
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Given the following information for Victory Stables, calculate their return on assets and equity and comment on the use of these ratios (why would we use them? what do they tell us?). Net income $50,000 Interest expense 8,500 Income tax expense 15,250 Preferred dividends 2,500
Given the following information for Victory Stables, calculate their return on assets and equity and comment on the use of these ratios (why would we use them? what do they tell us?).
Net income
$50,000
Interest expense
8,500
Income tax expense
15,250
Preferred dividends
2,500
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