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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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<u>Step-by-step explanation:</u>

First, you need to complete the square:

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<u> -1  </u>   <u>                -1  </u>

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Now, it is in the form of y = a(x - h)² + k   <em>where (h, k) is the vertex</em>

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