Motorola Credit Corporation's annual report (dollare in millions) 311 Net revenue (sales) Net earnings Total assets 170 2,245 Total liabilities 1,929 Total stockholders' equity 316 a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent) Total debt to total assets b. Find the return on equity ratio (Round your answer to the nearest hundredth percent.) Return on equity c. Find the asset turnover ratio. (Round your answer to the nearest cent.) Asset turnover d. Find the profit margin ratio on net sales. (Round your answer to the nearest hundredth percent.) Profit margin

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
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Chapter16: Financial Statement Analysis
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Motorola Credit Corporation's annual report
(dollars in
millions)
3311
Net revenue (sales)
Net earnings
170
Total assets
2,245
Total liabilities
1,929
Total stockholders' equity
316
a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent.)
Total debt to total assets
b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.)
Return on equity
c. Find the asset turnover ratio. (Round your answer to the nearest cent.)
Asset turnover
d. Find the profit margin ratio on net sales. (Round your answer to the nearest hundredth percent.)
Profit margin
Transcribed Image Text:Motorola Credit Corporation's annual report (dollars in millions) 3311 Net revenue (sales) Net earnings 170 Total assets 2,245 Total liabilities 1,929 Total stockholders' equity 316 a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent.) Total debt to total assets b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.) Return on equity c. Find the asset turnover ratio. (Round your answer to the nearest cent.) Asset turnover d. Find the profit margin ratio on net sales. (Round your answer to the nearest hundredth percent.) Profit margin
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