Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. LavishNest, Inc. has an ROA (return on assets) of 12 percent, total assets of $400,000 and a net profit margin of 4.5 percent. What

13. LavishNest, Inc. has an ROA (return on assets) of 12 percent, total assets of $400,000 and a net profit margin

of 4.5 percent. What are LavishNest's annual sales?

14. ProlificPath's debt-to-total assets ratio is 0.544 (i.e., debt ratio = 54.4%). What is the company's debt-to-equity

ratio? (Enter answer as a ratio rounded to 2 decimal places - that is, do not convert to a percent; for example,

enter 80/35 = 2.2857 as 2.29).

15. Vailar, Inc has a debt ratio of 22.5% and ROE = 15%. What is Phillips' ROA? (Enter answer as a percent).

16. Gormique, Inc. has an ROA of 18% and a debt/equity ratio of 0.55. The firm's ROE is _________. (Enter

answer as a percent).

17. Assume that RizeForce, Inc. has:

Debt ratio = 70%

Net profit margin = 15%

Return on assets (ROA) = 7.5%

Find RizeForce's Total Asset Turnover ratio. (Enter answer as a ratio - that is, do not convert to a percent).

18. Assume that SharpTactic, Inc. has ROA of 20.5%, ROE of 42% and Total Asset Turnover ratio of 3.5. Calculate

the debt ratio for SharpTactic. (Enter answer as a percent).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

13th edition

978-1285027371, 128502737X, 978-1133541141

More Books

Students also viewed these Finance questions