Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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New Age IT Solutions had net profit margin of 0.35 on sales of $5 000 000 during 2020. In addition, the firm’s total assets were $4 500 000, and its debt ratio is 0.45. Required:
- What was New Age IT Solutions’
return on equity (ROE) in 2020? - What was
return on assets (ROA) of the company in 2020? - Calculate earnings per share (EPS) and price-earnings ratio (PE) of the company if it has total shares outstanding of 50,000 with a market price of $85 per share?
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