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Refer to Recovery Solutions, Inc

Question 201

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Refer to Recovery Solutions, Inc. Evaluate the company's profitability ratios for 2015 and 2014, including the gross profit percentage, operating margin percentage, net profit margin percentage, return on assets, and return on equity. Assume that total assets and total stockholders' equity at June 30, 2013 were $1,250,000 and 969,000, respectively. Also assume that the tax rate is 30% for all periods presented.

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