Comparative financial statements are provided below:

-Refer to Recovery Solutions,Inc.Evaluate the company's profitability ratios for Year 3 and Year 2,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 shareholders' equity at June 30,Year 1 were $1,250,000 and 969,000,respectively.Also assume that the tax rate is 30% for all periods presented.

Question

Comparative financial statements are provided below:
  
-Refer to Recovery Solutions,Inc.Evaluate the company's profitability ratios for Year 3 and Year 2,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 shareholders' equity at June 30,Year 1 were $1,250,000 and 969,000,respectively.Also assume that the tax rate is 30% for all periods presented.

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The Answer of Comparative financial statements are provided below:
  
-Refer to Recovery Solutions,Inc.Evaluate the company's profitability ratios for Year 3 and Year 2,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 shareholders' equity at June 30,Year 1 were $1,250,000 and 969,000,respectively.Also assume that the tax rate is 30% for all periods presented.

Comparative Financial Statements Are Provided Below