Highgate Computer Company produces $1.8 million in profits from $27 million in sales. It has total assets
Question:
Highgate Computer Company produces $1.8 million in profits from $27 million in sales. It has total assets of $15 million.
a. Calculate Highgate's total asset turnover and its net profit margin.
b. Find the company's ROA, ROE, and book value per share, given that it has a total net worth of $6 million and 500,000 shares of common stock outstanding.
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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a b ROA can also be found by multiplying the firms total ...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780134083308
13th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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