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 iCollege 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 iCollege you will enter 12346 without a comma and without the dollar sign).

PLEASE LABEL THE ANSWERS CLEARLY!! THANK YOU..

Felton Farm Supplies, Inc. has an ROA (return on assets) of 14 percent, total assets of $500,000 and a net profit margin of 5.0 percent. What are Felton Farm Supplies annual sales?

Krisle and Kringle's debt-to-total assets ratio is 0.785 (i.e., debt ratio = 78.5%). What is the companys debt- to-equity ratio? (Enter answer as a ratio that is, do not convert to a percent).

Philips, Inc has a debt ratio of 75% and ROE = 10%. What is Phillips ROA? (Enter answer as a percent).

A firm has an ROA of 17% and a debt/equity ratio of 0.65. The firm's ROE is _________. (Enter answer as a percent).

Assume that XYZ, Inc. has:

Debt ratio = 60%

Net profit margin = 12.5%

Return on assets (ROA) = 25%

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

Assume that your firm has ROA of 17.5%, ROE of 38% and Total Asset Turnover ratio of 2.75. Calculate the debt ratio for the firm. (Enter answer as a percent).

USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS 19 24

(Assume all account figures are in dollars)

Lemark Productions	2015	2016
Accounts payable	350	380
Accounts receivable, net	1,660	1,520
Accruals	165	280
Cash	85	160
Common stock	1,660	1,400
Cost of goods sold	4,100	4,750
Depreciation expenses	400	560
Interest expenses	290	300
Inventory	4,390	4,050
Long-term debt	4,500	4,150
Net fixed assets	6,940	7,180
Net sales	7,950	8,980
Notes payable	600	740
Operating expenses (excl. depreciatio2n,)130		2,210
Retained earnings	5,800	5,960
Taxes	390	410

19. Gross Profit for 2016 is $________.

20. The times interest earned ratio for 2015 is ____X. 21. ROE for 2016 is _____%. 22. Cash flow from operating activities in 2016 is $ _______. 23. Cash flow from investing activities in 2016 is $ _________. 24. Cash flow from financing activities in 2016 is $ _________.