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

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2 years ago

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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] · Answer 1 · 2022-02-19T12:18:25+03:00

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: