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Mice21 [21]
3 years ago
5

In 2015, the financial statements of Ultimate Medical Center reported $500,000 in total revenues and $145,000 in net income. The

balance sheet showed net assets of $350,000. Calculate the operating margin ratio and the return on equity rate for Ultimate Medical Center.
Mathematics
1 answer:
Aliun [14]3 years ago
5 0

Answer:

In 2015, the financial statements of Ultimate Medical Center reported $500,000 in total revenues and $145,000 in net income. The balance sheet showed net assets of $350,000. Calculate the operating margin ratio and the return on equity rate for Ultimate Medical Center.

Step-by-step explanation:

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