Answer Happy

Below is the statement of income for Pembina Enterprises Ltd. for the year ended December 31, 2022. PEMBINA ENTERPRISES LTD. Statement of Income Year Ended December 31 Sales $807,000 Cost of goods sold 564,900 Gross profit 242,100 Operating expenses 199,200 Income before income tax 42.900 Income tax expense 21,800 Net income $21,100
mation: 1. Total assets for 2022 and 2021 were $692,000 and $607,000, respectively. 2. Total equity for 2022 and 2021 was $497.000 and $447,000, respectively. 3. Preferred dividends of $11,000 were paid in 2022. Calculate the following ratios for 2022. (Round answers to 1 decimal place, eg. 5.2 or 5.2%.) (a) Profit margin % (b) Asset Turnover times (c) Return on Assets 96 (d) Return on Common Shareholders Equity 96 Gross profit margin %