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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
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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.

User AustinWBryan
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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.

Explanation:

User Wctiger
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