Question
1. During the latest year, XYZ Corporation has total sales of $200,000, net income of 20,000, and its year-end total assets were $400,000. The firms
1. During the latest year, XYZ Corporation has total sales of $200,000, net income of 20,000, and its year-end total assets were $400,000. The firms total debt to total assets ratio was 50%. What is firm's profit margin as a percentage? Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43 (%) instead of 0.0843.
2. If a companys ROA is 6.0% and its total assets to total equity ratio is 5.0, what is its ROE (return on equity)? Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43 (%) instead of 0.0843)
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