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).

13. 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?

14. 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).

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

16. 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).

17. 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).

18. 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 $ _________.