1. A company shows Total Current Liabilities of $484,000,000; Total Current Assets of $550,000,000, Total Long Term Assets of $1,120,000,000 and Total Long Term Debt of $705,000,000. What is the amount of the stockholders equity? Show your calculations.

2. ACI Inc has sales of $300 million, a net profit margin of 9%, and 10 million shares of common stock outstanding. It has no preferred stock outstanding. If ACIs P/E ratio is 12, what is the share price of the company stock? Show your calculations.

3. A company has sales of $640,000, net profit after taxes of $23,000. A) If a company has total asset turnover of 2.5, what is the return on assets? B) If a total asset turnover is now 4.17 and an equity multiplier of 1.67. What is the return on equity? Show your work.