Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin $ \quad $$ \quad $$ \quad $$ \quad $$ \quad $$12 \%$
Return on Assets$ \quad $$ \quad $$ \quad $$ \quad $$20 \%$
Debt to Asset Ratio$ \quad $$ \quad $$ \quad $$55 \%$
Using these ratios, calculate the following for Follies Bookstore:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity

Question

Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin  $ \quad $$ \quad $$ \quad $$ \quad $$ \quad $$12 \%$
Return on Assets$ \quad $$ \quad $$ \quad $$ \quad $$20 \%$
Debt to Asset Ratio$ \quad $$ \quad $$ \quad $$55 \%$
 Using these ratios, calculate the following for Follies Bookstore:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity

Quizplus · Accepted Answer

The Answer of Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin  $ \quad $$ \quad $$ \quad $$ \quad $$ \quad $$12 \%$
Return on Assets$ \quad $$ \quad $$ \quad $$ \quad $$20 \%$
Debt to Asset Ratio$ \quad $$ \quad $$ \quad $$55 \%$
 Using these ratios, calculate the following for Follies Bookstore:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity

Follies Bookstore, the Only Bookstore Close to Campus, Had Net \quad

Follies Bookstore, the Only Bookstore Close to Campus, Had Net $\quad$