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 16 percent, total assets of $5,000,000 and a net profit margin of 6.0 percent. What are Felton Farm Supplies annual sales? 14. Krisle and Kringle's debt-to-total assets ratio is 0.825 i.e., debt ratio - 82.5%). What is the company's 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 55% and ROE - 8%. What is Phillips' ROA? (Enter answer as a percent). 16. A firm has an ROA of 17% and a debt/equity ratio of 0.55. 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 XYZ's 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 37% and Total Asset Tumover ratio of 3.5. 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 Accounts payable Accounts receivable, net Accruals Cash Common stock Cost of goods sold Depreciation expenses Interest expenses Inventory Long-term debt Net fixed assets Net sales Notes payable Operating expenses (excl. depr Retained earnings Taxes 2015 2016 360 390 1,680 1,510 165 190 165 160 1,660 1,380 4,100 4,850 400 560 290 300 4,375 4,050 4,500 4,150 6,940 7,090 7,950 8 ,980 600 7 4 2,130 2,180 5,960 390410 / / / / 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 $
