Johns Cookies has the following ratios for 20X4: Profit margin = 10 Asset turnover = 1.5 ROE

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John’s Cookies has the following ratios for 20X4:

Profit margin = 10 Asset turnover = 1.5 ROE = 20%

In addition, total sales for 20X4 were $1,000,000.

Requtred:

1. What is its ROA?

2. What was its net income for 20X4?

3. What were its average total assets for 20X4?

, What were its estimated total liabilities at the end of 20X4?
5. What was its equity multiplier at the end of 20X4?

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Financial Management For The Hospitality Industry

ISBN: 9780131179097

1st Edition

Authors: William P Andrew, James W Damitio

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Question Posted: Sep 19, 2024 02:20 PM

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Johns Cookies has the following ratios for 20X4: Profit margin = 10 Asset turnover = 1.5 ROE

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Financial Management For The Hospitality Industry

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