It took some time to achieve the product I was looking for, but we eventually got there. I do feel like a lot of hard work was put into this, and it even exceeded the page requirement. I'm pretty pleased overall. I give my thanks.
a. Compute the following performance measurement ratios for 2017. (Ignore income taxes.)
1. Asset turnover
2. Return on sales
3. Return on assets
4. Return on equity
b. Is Lima Company using financial leverage? If so, is the leverage favorable or unfavorable?
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