All of the following questions are open-ended problems. You must compute an answer for every problem. For percentage answers, calculate your answer as a percent rounded to 2 decimal places. For example, you would record ROA = .1263974 as 12.64% (note that on D2L you will enter 12.64 without the percent sign). For dollar answers, round to the nearest dollar. For example, you would record $12,345.83943 as $12,346 (note that on D2L you will enter 12346 without a comma and without the dollar sign).

13. Felton Farm Supplies, Inc. has an ROA (return on assets) of 12 percent, total assets of $1,000,000 and a net profit margin of 4.25 percent. What are Felton Farm Supplies annual sales?

14. Krisle and Kringle's debt ratio = 72.0%. What is the companys 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. Philips, Inc has a debt ratio of 42.5% and ROE = 15%. What is Phillips ROA? (Enter answer as a percent).

16. A firm has an ROA of 16% and a debt/equity ratio of 1.45. The firm's ROE is _________. (Enter answer as a percent).

17. Assume that XYZ, Inc. has:

Debt ratio = 70% Net profit margin = 15% Return on assets (ROA) = 7.5%

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