Calculate and interpret enviro tech

Reference no: EM133608646

Question: Enviro Tech's sales revenue has been increasing by over $1M a year but their gross profits have been declining each year, why do you think this is? How could Enviro Tech increase their gross profit?Enviro Tech's Total Assets for 2021, 2022 and 2023 is, respectively, $3,500,000, $3,750,000 and $4,525,000. Calculate and interpret Enviro Tech's 2023 return on assets ratio. If Enviro Tech's main competitor, Super Solar, has a 2023 return on assets of $0.40, which company is more profitable?

Reference no: EM133608646

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