In 2015, Turnpoint Inc. had net income of $400,000, assets of $5,000,000, sales of $2,000,000,...
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In 2015, Turnpoint Inc. had net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2016, Turnpoint Inc. had net income of $700,000, assets of $4,000,000, sales of $1,300,000, and debt of 2,000,000. Did TurnpointIncsreturn on equity improve from 2015 to 2016?
No
Yes
Stayed the same
Not enough information to answer
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