Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Need answerarrow_forwardWhite Waters, Inc., has sales of $34 million, total assets of $48 million, and total debt of $11 million with a 6% average interest rate. If the profit margin is 13 percent, the ROA is ______ %. Round it to two decimal places.arrow_forwardEaster Egg and Poultry Company has $1,760,000 in assets and $608,000 of debt. It reports net income of $100,000. a. What is the firm’s return on assets? (Enter your answer as a percent rounded to 2 decimal places.) b. What is its return on stockholders’ equity? (Enter your answer as a percent rounded to 2 decimal places.) c. If the firm has an asset turnover ratio of 3.5 times, what is the profit margin (return on sales)? (Enter your answer as a percent rounded to 2 decimal places.)arrow_forward
- Recreational Supplies Co. has net sales of $9,359,409, an ROE of 15.60 percent, and a total asset turnover of 3.48 times. If the firm has a debt-to-equity ratio of 1.23, what is the company's net income?arrow_forwardOliver Incorporated has a current ratio sales and its current liabilities are $2 million. What is the company's inventory turnover ratio? = 2.6, and a quick ratio equal to 2.2. The company has $4 million inarrow_forwardArchware Systems has total assets of $35.594billion, total debt of $9.678 billion, and net sales of $22.200 billion. Theirnet profit margin for the year was 0.17, while the operating profitmargin was 30 percent. What is Archware’s net income? (Answer needs to be stated in billions. For example: 2.83) Round to two decimal places.arrow_forward
- a. Last year Harrington Inc. had sales of $654,000 and a net income of $89,000, and its year-end assets were $270,000. The firm's total-debt-to-total-capital ratio was 45.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE?arrow_forwardThe Lawrence Company has a ratio of long term debt to long term debt plus equity of .39 and a current ratio of 1.7. Current liabilities are 950, sales are 6370, profit margin is 9.8 percent, and ROE is 20 percent. What is the amount of the firms net fixed assets?arrow_forwardHere and Gone, Inc., has sales of $21,332,097, total assets of $12,393,090, and total debt of $2,713,037. If the profit margin is 9 percent, what is net income?arrow_forward
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