Question
1. Aquilera, Inc., has sales of $20.7 million, total assets of $14.5 million, and total debt of $9.3 million. The profit margin is 8 percent.
1. Aquilera, Inc., has sales of $20.7 million, total assets of $14.5 million, and total debt of $9.3 million. The profit margin is 8 percent.
What is the company's net income? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Net income ___________
What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)
ROA ___________
What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.10.)
ROE _________
2. Tom's Hardware has inventory of $396,000, equity of $445,225, total assets of $614,492, and sales of $866,687. What is the common-size percentage for the inventory account? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
3. Ordonez Lumber Yard has a current accounts receivable balance of: $586,792
Credit sales for the year just ended were: $6,576,697
(Do not round intermediate calculations and enter your answers rounded to 2 decimal places, e.g., 32.16.)
What is the receivables turnover? _________ times
The days' sales in receivables? __________ days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started