Question
A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order
A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 16.7 percent. Sales were $1,795,000, the total debt ratio was .33, and total debt was $660,000. |
Required: |
What are the total assets? (Do not round intermediate calculations.) |
Total assets | $ |
What is the total equity? (Do not round intermediate calculations. Round your answer to the nearest whole number (e.g., 32).) |
Total equity | $ |
What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole number (e.g., 32).) |
Net income | $ |
What is the return on assets (ROA)? (Round your answer as directed, but do not use the rounded numbers in intermediate calculations. Enter your answser as a percent rounded to 2 decimal places (e.g., 32.16).) |
Return on assets | % |
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